25. What are MT4 Indicators and How to Use Them?

November 17, 2022
Technical indicators that are already made in MT4 are technical tools available for traders who trade on the platform. It can be accessed for free and displayed on the charts for analytic purposes.

MT4 indicators are built-in or default indicators that come with the MetaTrader 4 platform. They help with technical analysis and consist of some of the most popular tools in the market. In general, they are divided into several categories of Trend, Oscillators, Volumes, Bill Williams, and Customs.

To use them, traders can click on "Insert", choose "Indicators", enter one of the categories, and click on the indicator.

MT4 Indicators

Some popular indicators that are available in MT4 are:

  • Moving Average: A dynamic line that appears on the price chart to identify the trend.
  • Moving Average Convergence Divergence: An oscillator that consists of two signal lines and a histogram that appears below the chart. It has a number of functions such as identifying trends, momentum, and divergence.
  • Parabolic SAR: Dynamic dots that appears on the price chart to help identify the trend and when it reverses.
  • Stochastic: An oscillator with two extreme levels of 80 and 20 to identify when the price is overbought or oversold. This indicator appears below the price chart and consists of two moving lines.
  • Bollinger Bands: A dynamic price channel consisting of three lines that make up the upper band, middle band, and lower band. It can identify price trends, show volatility, and a reliable reference for price reversals too.
  • Relative Strength Index: Also known as RSI, it is quite similar to Stochastic. The difference is that RSI's extreme levels are typically set on 70 and 30, and the indicator only consist of one moving line.

Education (46)

1. What Is Forex? 2. Why Does Forex Market Exist? 3. What Drives the Forex Market? 4. Why is Forex Trading Popular? 5. Can I Get Rich in Forex? 6. Are You Curious? Want to Discover More about Forex Trading? Meet Demo Acount! 7. I'm a Newbie, How to Master Forex Trading? 8. What Forex Knowledge Should I Conquer? What Are the Steps to Go Thorugh the Journey? 9. What are Software and Glossaries in Trading Forex? 10. How to Read the Forex Market? 11. How to Practice Forex Trading? 12. How to Ride on the Forex Wave? 13. How to Prepare Basic Trading Requirement? By the Demo Account? What about the MT4/MT5? 14. What is Bid-Ask Spread? 15. What is Pip? 16. What is Lot Size 17. What is Leverage in Forex Trading? 18. What is Margin? 19. When to Trade Forex? 20. What is the Most Dominant Market in Forex? How is the Characteristic? 21. What is Chart in Forex? 22. What is Candlestick? Why is It the Most Popular Chart in Forex? 23. What is Technical Analysis? 24. What is Fundamental Analysis? 25. What are MT4 Indicators and How to Use Them? 26. What is Risk in Forex? 27. What is the Psychological Effect in Forex Trading? 28. How to Compile a Strategy Template? 29. How Long Should You Practice in a Demo Account? 30. When Do I Need to Start Learning about Brokers? 31. What Exactly Does a Forex Broker Do? 32. Can I Trade Forex without Broker? 33. How Much Money Do You Need to Trade in Forex Brokers? 34. How to Choose a Good Forex Broker? 35. What is Regulation? And Why Should Regulation Exist? 36. Why Should You Choose Forex Brokers with Top-tier Regulations? 37. How to Choose Forex Brokers Based on Your Need and Where You Are From? 38. What Brokers Should You Avoid? 39. Is There Any Broker Scam in History? How Bad Is It? 40. What are the Most Popular Brokers in The World? 41. What are the Best Brokers For Entry-Level Traders? 42. What are the Best Brokers for Traders with Minimum Deposit Capabilities? 43. Which Broker Provides a Demo Account and Easy Setup? 44. Which Broker Provides Easy Registrations? 45. What and How to Deposit on Forex Brokers? 46. What and How to Withdraw from Forex Brokers?




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