Sun. Apr 18th, 2021

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MT4 Basics: How to Use Indicators?

1 min read

MetaTrader 4 indicators are powerful technical analysis tools which may assist you to spot market trends and supply evidence for your predictions about future price movements.

Best Indicators available on MetaTrader 4:

  • MACD
  • Money Flow Index or MFI
  • On-Balance Volume
  • Accumulation/Distribution Line
  • Bollinger Bands
  • Fractal Adaptive Moving Average (FRAMA)
  • Market Facilitation Index (BW MFI)
  • CCI Arrows
  • Trading Assistant Indicator

Here are the steps to be followed to install custom indicator on MetaTrader 4:

1. Locate and replica the MT4 custom indicator file on your computer. These are the MT4 indicator files that you simply would have downloaded
2. Open the data folder
3. Open MQL4 file
4. Open the indicators folder
5. Paste the files
6. Restart MetaTrader 4

Here are the steps to be followed to use indicators on MetaTrader 4:

1. Open your MetaTrader 4 platform
2. Locate the Navigator panel
3. On the navigator, find Custom Indicators
4. Click Custom indicators, and you ought to see your newly installed indicator
5. Double click the indicator and the Indicator Properties window will appear
6. Click OK

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