How to put and use indicators on MT4?

Here, you will learn how to add indicators on Forex Mt4 charts. We shall show how to add and modify different forex technical analysis tools like Fibonacci.

Now that you have learnt how to place a trade, it is high time you learnt how different market indicators perform.

Also, how to adjust their parameters to your preferred values and appearance.

 These indicators are accessible on trading platform. Different brokers offer different indicators on their platforms but the common basic indicators never miss.

Ok, let’s see how to install and use different market chart tools and indicators to trade.

How do you add indicators on forex mt4 charts

After installing the MT4 platform on your desktop, open the platform;

Simply go to ‘Insert’ > click open on MT4 platform and place your cursor on indicators.

It will display all the indicators provided on the platform. Just click the indicator you want to add.

Follow the chart below.

When you click on the indicator, let’s say Moving Average Convergence Divergence (MACD), your chart will appear as the figure below.

You can make adjustments on the parameters, colors, levels, visualization as indicated to your preferred levels if you want.

Then place the ‘OK’ button to add the indicator.

The indicators will appear on the chart ready for use.

This is how it will look like.

Follow the same procedure to add any indicator of your choice.

How do you add the forex market technical analysis tools

Forex market trading tools such as lines, shapes, arrows, text, Fibonacci and channel to mention but a few can  also be added as below:

1. Click on the ‘Insert’ menu.
2. Select the tool you want to add.
3. For example channels, it will display different options of the tools.
4. Simply select the tool you want to use on your chart for instance;(Channels).

Follow the example below.

After choosing your desired tool, click on the chart area where you want the object to appear hold and release. Or hold, drag and release.

To add more tools, follow the same procedure from the first step to the last step.

How to modify technical analysis tools

You can still Modify or edit these tools to your desired levels and colors.

• Simply double click on the tool after adding it on the chart.
• Then right click and choose the tool properties to Modify or Delete option in case you want to delete.
• Then click on the OK button.

For example to modify the Fibonacci channels, Right click on the channel

Then click on the tool properties. When you click on the tool properties, in this case we have ‘Fibo channel properties‘ it will appear as below.

Choose the color of your choice. In this case you chose red

You can as well add Fibonacci levels or delete some levels. Or change parameters.

Then place OK to modify.

Let’s see what happened after adjusting our tool color above. Take a look

This is how our chart looks like. We just changed the color of the fibo channel from blue to red color.

The platform made trading easy and convenient for you so there is no hustle at all.

Everything is provided for you on the platform. All you need is to learn how to use them.

The same platform also helps you to see as many real time charts as you wish at the same time on one screen.

How to view different chart time frames at the same time

For any currency pair and for any time period.

To achieve this, you  choose “Arrange windows as non-overlapping tiles” on your chart or press Alt + R

 Below is an example.

  This will automatically organize all your current open charts as shown below.

.

In case you want to view charts of the same pair on different time frames, first add the pair several times depending on how many time frames you want to view.

Press Alt +R, then arrange your charts in a sequence you want.

All in all, the MT4 platform is highly customisable.

You can customize  all the tools, indicators, etc on the MT4 to your personal preferences.

 Enjoy the Quiz next to test your MT4 Platform Knowledge!!