MetaTrader 4 is a piece of art. The forex platform is nearly an industry standard, and traders continue to use it for its broad support. But let’s not forget that MetaTrader 4 also boasts an excellent collection of technical indicators.
MetaTrader 4 Indicators to Know
We’ve assembled a list of the best technical indicators available on the Metatrader 4 platform. Here are the market favorites:
Alligator Indicator – Like animals? You’ll love the Alligator. Just make sure you’re on the right team when the Alligator gets hungry!
Average Directional Index – Want to know when the market is trending? Then you have to use the ADI indocator.
Bollinger Bands– This indicator sports a rather goofy name, but it’s fans are some of the most adamant of it’s predictive capabilities.
Commodity Channel Index – A very powerful oscillator for MT4.
Fractals in Forex – Fractals are the most utilitarian of any technical indicators, as their uses are innumerable.
Force Index – If you can read Force, you can read momentum. This indicator just makes it easier.
Gann Fan – The Gann Fan is a classic; learn how to adopt it in your trading strategy.
Gator Oscillator– The Gator Oscillator is great for making sense of lines in the Alligator indicator.
Market Facilitation Index – How well is the market working? Ask the MFI reading.
Moving Average MACD – This is a super-technical indicator among regulars;
Moving Average of Oscillator – Laid back? How about a simple indicator based on the same mathematics as the MACD?
Parabolic SAR – Don’t let the name fool you, this indicator is the easiest to use.
Percentage Price Oscillator – Simple, but effective, you’ll enjoy this oscillator.
Relative Strength Index – THE #1 momentum and reversal indicator. Fun fact: Wilder’s RSI wasn’t a one-hit wonder; he’s considered one of the most influential people in technical analysis.
Relative Vigor Index – You can’t make money in forex until you understand momentum. The RVI reads momentum like no other indicator.
Standard Deviation Indicator – All forex pairs revert to the mean–at least, that’s what this indicator says.
Stochastic Oscillator – Like to trade quickly? The Stochastic will demand that you do.
Williams %R – Another classic techinical indicator, this one may be one of the most profitable.
