Stock Indexes Indicators Insert Option in MT4 Insert Menu
MT4 Stock Indexes indicators can be found on the Insert Menu as the first option.
This option has a pop right button that shows the list of all the MT4 indicators under this option as illustrated and shown below.
The list is shown below as a popup menu, at the top is a list of the ones most popularly used Indices indicators within the MetaTrader 4 trade platform by the trader using this software. This list made up of 6 types of Stock Indices indicator groups, which vary from platform to platform depending on the platform being used.
Commonly Used in the Example Above
On the above example the most commonly used, these are:
- Accelerator Oscillator
- Accumulation/Distribution
- Alligator
- Average Directional Movement Index
- Average True Range
- Awesome Oscillator
Trend Based
These are shown below:
These are:
- Average Directional Movement Index
- Bollinger Bands
- Commodity Channel Index
- Moving Average
- Parabolic SAR
- Standard Deviation
The Trend based will basically show the general direction of the market. These will either move upward in an uptrend or downward in a down trend. (Or Sideways no direction /no trend).
A Stock Indexes trader will therefore trade with the direction that is the same as that indicated by these trend following.
Oscillators
These Oscillators are shown below:
These Oscillator are:
- Average True Range
- Bears Power
- Bulls Power
- DeMarker
- Envelopes
- Force Index
- Ichimoku Kinko Hyo
- MACD
- Momentum
- Moving Average of Oscillator
- Relative Strength Index
- Relative Vigor Index
- Stochastic Oscillator
- William’s Percentage Range
Volume Based
These are shown below:
These are:
- Accumulation/Distribution
- Money Flow Index
- On Balance Volume
- Volumes
Bill Williams
The MT4 Bill Williams Stock Indexes indicators are shown below, these were developed by Bill Williams hence their grouping as Bill Williams:
The Bill Williams are:
- Accelerator Oscillator
- Alligator
- Awesome Oscillator
- Fractals
- Gator Oscillator
- Market Facilitation Index
Custom Indicators
These are shown below,
The Customs are:
- Accelerator
- Accumulation
- Alligator
- ATR
- Awesome
- Bands
- Bears
- Bulls
- CCI
- Heiken Ashi
- Ichimoku
- iExposure
- MACD
- Momentum
- Moving Averages
- OsMA
- Parabolic
- RSI
- Stochastic
- Zigzag
The Sub Menu, within the Insert Menu can be used to place these index indicators on a chart by choosing and then clicking on it to place it on the chart.
Once you click on an indicator the following popup will popup:
As a trader you can just click the "OK" button to place it on the chart.
You can also change a few setting, for example in the above you can set the color style to blue, change the line width and change the period used to calculate the settings.
A level can also be added by choosing the "Levels" button as shown and illustrated below:
To add a level, just click the add button & choose the level where you want to add this levels, normally this is set as a number. The color of the level can also be changed on the style button marked silver along with the format of the line & the width of the line.
The next button shown below, visualization button is used to determine which chart time-frame it should appear on:
By default an indicator is set to appear on all the chart time-frames, but you can uncheck the "All Time frames" option & choose fewer chart time-frames where you want it to appear on, for example by choosing only the M15, H1 & H4, this way it will not appear on any other apart from these three, to have it show on all just check the "All Time frames" option.
