Indicators Insert Option in MT4 Insert Menu
MT4 indicators can be found on the Insert Menu as the first option.
This option has got a pop right button that shows the listing of all the MetaTrader 4 indicators under this option such as illustrated & shown below.
The listing is displayed below as a popup menu, at the top is a list of the ones most popularly used indicators within the MT4 platform software 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.
Often Used in the Example Above
On the above exemplification the most oftenly used, these are:
- Accelerator Oscillator
- Accumulation Distribution
- Alligator
- Average Directional Movement Index
- ATR
- Awesome Oscillator
Trend Based
These are displayed below:
These are:
- Average Directional Movement Index
- Bollinger Bands
- Commodity Channel Index
- Moving Average
- Parabolic SAR
- Standard Deviation
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(Range) no direction /no trend).
One will henceforth trade with the direction that is similar to that indicated by these trend following.
Oscillators
These Oscillators are illustrated below:
These Oscillator Technical are:
- Average True Range
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku
- MACD
- Momentum
- MA of Oscillator
- Relative Strength Index
- Relative Vigor 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 Index indicators are shown below, these were developed by Bill Williams hence their grouping/cluster as Bill Williams:
The Bill William are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Custom Trading Indicators
These are shown below,
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 as a stock indices trader can just click the "OK" button to place it on the trading chart.
You can also change a few setting, e.g. in the above you as a stock indices trader can set the colour 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 such as shown and illustrated below:
To add a level, just click the add button & choose the level where you want to add this technical 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 figure out which chart time-frame it should appear on:
By default a trading indicator is set to appear on all the chart time-frame, but you as a Stock Index trader can uncheck the "All Time frames" option & choose fewer chart time-frames where you want it to appear on, e.g. 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.
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