Stock Indices Indicators Insert Option on MetaTrader 4 Insert Menu
MetaTrader 4 Stock Indices indicators can be found on the Insert Menu as the first option.
This option has a pop right button that shows the list of all the MetaTrader 4 indicators under this option as shown below.
The list is shown below as a popup menu, at the top is a list of the ones most popularly used Stock Indices indicators within the MT4 platform by the trader using this software. This list made up of 6 types of Stock Indices indicator groups, which vary from platform to platform depending on the platform 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 Index
- Average True Range
- Awesome Oscillator
Trend Based
These are shown below:
These are:
- Average Directional Movement 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 upwards in an uptrend or downward in a down trend. (Or Sideways no direction /no trend).
A Stock Indices trader will therefore trade with the direction that is the same as that indicated by these trend following.
Oscillators
These Oscillators are shown below:
These Oscillator are:
- Average True Range
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo
- MACD
- Momentum
- Moving Average of Oscillator
- Relative Strength Index
- Relative Vigor Index
- Stochastic Oscillator
- William's Percentage Range
Volume Based
These are shown below:
These are:
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
Bill Williams
The MetaTrader 4 Bill Williams Stock Indices indicators are shown below, these were developed by Bill Williams hence their grouping as Bill Williams:
The Bill Williams 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 stock index indicators on a trading chart by selecting and then clicking on it to place it on the chart.
Once you click on an indicator the following popup will appear:
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 selecting the "Levels" button as shown below:
To add a level, just click the add button and select the level where you want to add this levels, normally this is set 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 and the width of the line.
The next button shown below, visualization button is used to determine which chart time frame 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 and select fewer chart time-frames where you want it to appear on, for example by selecting only the M15, H1 and 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.
