Adding MetaTrader 4 Inertia Indices Technical Chart Indicator
Step 1: Open the Indices Trading Platform Navigator Window
Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”
On the Navigator window, select “Indicators”, (Double Click)
How to Add Inertia Stock Indexes Indicator on MT4 - MetaTrader 4 Inertia Indices Indicator
Adding Inertia MetaTrader 4 Indices Technical Chart Indicator
Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the Inertia stock indices chart indicator from this list of stock indices indicators so as to add the Inertia stock indexes technical indicator on the stock indexes trading chart.
From the Above window you can then place Inertia indicator that you want on the Indices Trading chart
How to Put Custom Inertia Stock Indexes Indicator on MetaTrader 4 and How to Install Inertia Stock Indexes Indicator MetaTrader 4
If the stock indices indicator you want to add is a custom indicator - for example if the Inertia indicator you want to add is a custom indicator you will need to first add this custom Inertia indicator on the MT4 stock indexes trading platform and the compile the custom Inertia indicator so that the newly added Inertia custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.
To learn how to install Inertia indicators on MetaTrader 4, how to add Inertia indicator window to MetaTrader 4 and how to add Inertia custom indicator on MT4 stock indexes trading platform - How to add a custom Inertia indices trading Indicator on MT4.
About Inertia Indices Indicator Tutorial
Inertia Indices Technical Analysis and Inertia Indices Trading Signals
Developed by Donald Dorsey and was originally used to trade Stocks & Commodities market, before indices traders took it and started trading the Indices Trading market using this indicator.
Dorsey chose to name it "Inertia" because of his interpretation of the stock indexes trading market trend. He claimed that a Indices Trading market indices trend is the overall result of inertia and thus it takes more momentum for a trending market to reverse its direction than to continue moving in the same direction. Therefore, a Indices trend is the measurement of market inertia. This is an oscillator that uses the scale of zero to a hundred. Signals are generated using the 50 level center line crossover method.
In physics, the term Inertia is defined in terms of mass & direction of motion. Using the standard technical analysis, the direction of motion of the indices trend can be easily defined. However, the mass cannot be easily defined. Dorsey claimed that the volatility of a financial instrument may be the simplest & the most accurate measurement of inertia. This theory led to the use of the Relative Volatility Index (RVI) as the basis to be used as a indices trend indicator. Therefore Inertia is comprised of: RVI smoothed by a linear regression.
Indices Technical Analysis and Generating Indices Trading Signals
When it comes to trading the stock indexes trading market using this indicator, the signals generated are fairly simple to interpret. Below are two examples illustrated using indices charts showing how buy and sell stock indices signals are generated using Inertia.
Bullish Buy Indices Trading Signal
If the Inertia is above 50, positive inertia is indicated, this therefore defines the long-term indices trend as upward as long as the indicator remains above 50. When it crosses to levels below 50 then this is interpreted as an exit signal. The chart below shows an example of how a buy stock indices signal is generated.
Bearish Sell Indices Trading Signal
If the Inertia is below 50, negative inertia is indicated, this therefore defines the long-term indices trend as downwards as long as the indicator remains below 50. If it goes above 50 then this is interpreted as an exit signal. The stock indices chart below shows how a sell stock indices signal generated.