Indicators Insert Option in MT4 Insert Menu
MT4 indicators can be found on the Insert Menu as the first option.
This option has a pop right button that shows the listing of all the MetaTrader 4 indicators under this option as illustrated and shown below.
The listing is shown below as a popup menu, at the top is a list of the ones most popularly used indicators within the MetaTrader 4 platform by the trader using this software. This list made up of 6 types of indicator groups, which vary from software to software based on the software being used.
Commonly Used in the Example Above
On the above example the most commonly used, these are:
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- Average Directional Movement Stock Index
- ATR
- Awesome Oscillator
Trend Based
These are displayed below:
These are:
- Average Directional Movement Stock Index
- Bollinger Bands
- Commodity Channel Index
- Moving Average
- Parabolic SAR
- Standard Deviation
The Trend based will basically show the general direction of the market. These will either move upward in an uptrend or downward in a down trend. (Or Sideways no direction /no trend).
A trader will therefore trade with the direction that is the same as that indicated by these trend following.
Oscillators
These Oscillators are illustrated below:
These Oscillator are:
- Average True Range
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo
- MACD
- Momentum
- MA of Oscillator
- Relative Strength Index
- Relative Vigor Stock Index
- Stochastic Oscillator
- Williams Percent Range
Volume Based
These are displayed below:
These are:
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
Bill Williams
The MT4 Bill Williams Stock Index indicators are shown below, these were developed by Bill Williams hence their grouping as Bill Williams:
The Bill William are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Custom Indicators
These are shown below,
The Customs are:
- Accelerator
- Accumulation
- Alligator
- ATR
- Awesome
- Bands
- Bears
- Bulls
- CCI
- Heiken Ashi
- Ichimoku
- iExposure
- MACD
- Momentum
- Moving Averages
- OsMA
- Parabolic
- RSI
- Stochastic
- Zigzag
The Sub Menu, within the Insert Menu can be used to place these indicators on a chart by choosing and then clicking on it to place it on the chart.
Once you click on an indicator the following popup will popup:
As a trader you can just click the "OK" button to place it on the chart.
You can also change a few setting, for example in the above you can set the color style to blue, change the line width and change the period used to calculate the settings.
A level can also be added by choosing the "Levels" button as shown and illustrated below:
To add a level, just click the add button & choose the level where you want to add this levels, normally this is represented as a number. The color of the level can also be changed on the style button marked silver along with the format of the line & the width of the line.
The next button illustrated below, visualization button is used to determine which chart timeframe it should appear on:
By default an indicator is set to appear on all the chart time frames, but you can uncheck the "All Time frames" option & choose fewer chart time frames where you want it to appear on, for example by choosing only the M15, H1 & H4, this way it will not appear on any other apart from these three, to have it show on all just check the "All Time frames" option.
