MT4 indicators are a mathematical calculation of the price, time or volume, that will give you either a leading or lagging trade signal.
They’re vital tools to ensure you get the best out of your MT4 platform and your ATFX account. They help you recognise price patterns and can add extra confirmation to your trading strategy.
MT4 add ons are tools you can use to customise your trading experience. They simplify and make your trading more efficient.
Known as EAs (expert advisors) to the MT4 community. They’re essentially an algorithm that trades for you.
You can create them (if you’re handy at coding) or you can borrow one created by other MT4 users.
Choosing the best MT4 indicator depends on your trading style, your strategy and ultimately your goals.
For example, a day trader might apply a different series of indicators than a swing trader. It’s a case of finding what you like, testing it and sticking to it.
There’s no such thing as a right or wrong way. Experiment on MT4 with the built-in indicators to establish which work for you. There are more than 2,000 indicators that can be used on MT4.
As we mentioned, identifying the best is difficult because everyone has an opinion and there’s a lot. What we will do, is show you the most popular indicators, those that are used regularly on both MT4 and other platforms.
Trading central is an award-winning service that offers a multitude of functionality. This includes premium MetaTrader indicators that can be applied directly to your platform.
Once added, you'll have access to a host of advanced indicators, which will give you clear and concise market signals. These include alpha generation indicators, featured ideas, TC economic insight and TC market buzz.
Autochartist is another provider that offers additional advanced indicators. Available as a plugin for MT4, you can add a number of indicators that will make your trading more efficient.
From market scanners to risk calculators, Autochartist will give you that extra confirmation that other indicators do not.
These help you identify critical areas of support and resistance of price, which can be used to identify trade entries and exits.
Illustrate how the price has moved from its mean position, perhaps over a 21, 50, or 100 day period. As price always returns to the mean, this can be used to predict future price movements.
Helps you to establish the relative strength of recent price movement. This is often used to identify when a trend starts to lose momentum and slow down.
They’re an oscillator indicator measuring price volatility, helping you to identify if the price is high or low in comparison to the recent price behaviour.
Based on the key numbers identified by mathematician Leonardo Fibonacci in the 13th century. It helps you identify levels for entry and exit.
This measures market volatility by comparing to a predetermined ranges volatility. As the probability of exceeding this range is low, it helps confirm trade targets and stop losses.
This indicates whether volume is flowing in or out of a given asset and is displayed below the chart. This helps determine the strength of a market and can give insight into the start and end of a trend.
This shows you the convergence or divergence of moving averages. Essentially helping you decide whether a trend is likely to continue or come to an end.
Below you will find some of the most frequently asked questions regarding Metatrader 4 indicators and add ons.
It’s essential that traders not only familiarise themselves with MT4 as a primary trading platform but also begin to explore its full capability. Financial trading is a personal business; not all strategies suit individual characters or their personalities.
ATFX and MT4 have developed an ideal partnership to benefit you. You don’t have to search the internet for the most popular, robust, stable and accurate trading platform, because MT4 is it.
Open your MT4 account here to begin your trading.