Customisable efficiency and simplicity. The most popular trading indicators provide you with clear and precise trade signals.
Whatever market you trade, indicators should guide your trading strategy. Whilst add-ons help to simplify your trading process.
Meta Trader 4 (MT4) indicators involve the mathematical calculation of the price, time or volume, to give you a leading or lagging trade signal. A trading signal is simply an indication of when to buy or sell a financial asset like a Forex pair, cryptocurrency or index.
These indicators are vital technical analysis tools to ensure you get the best out of your MT4 platform and your ATFXAI account. Indicators help you recognise price patterns and add extra confirmation to your trading strategy.
There is nothing like a perfect MT4 indicator with a 100% success rate to ensure that all of your trades are profitable. But an excellent MT4 indicator will help you understand the markets better, and a combination of indicators could provide you with an edge over the market.
Choosing the best MT4 indicator depends on your trading strategy.
For example, a day trader might apply a different series of indicators than a swing trader. It is a case of finding an indicator that works well with your strategy, testing it and sticking to it if it works.
For example, a trend following trader might use moving averages to determine if the trend is up or down, combining it with the RSI indicator and price channels to identify when the price is overbought or oversold to the trend. On the other hand, a trader that exploits range bound markets might rely heavily on the ADX indicator, the RSI indicator, and horizontal support and resistance levels.
Whatever trading style you want to apply, you can use more than 2,000 indicators available on the MT4 Platform. Many indicators are free and built into the MetaTrader 4 trading platform. Others you can buy and install. You can even commission developers to create an indicator for you or write your indicator if you are interested in coding.
The section below will outline some premium MT4 indicators included with your ATFXAI MT4 live account.
The ATFXAI Support and Resistance Indicator for MT4 is a premium and proprietary indicator developed by the broker’s IT team, exclusively available to ATFXAI MT4 account holders.
The MT4 support and resistance indicator dynamic plots the trend of over 20 markets. It shows the levels where traders are likely to enter the markets, place stop-loss and take profit orders. The indicator is adaptable to the markets and will not show levels when the probability of success is low. You can try the S&R indicator today with the ATFXAI MT4 account.
Trading Central is an award-winning and regulated service that offers trading signals for the most popular markets directly on your MT4 account. Once the MT4 add-on is installed in your ATFXAI account, you will see the trade ideas directly on your chart. You can use it as a second opinion before opening a trade.
Autochartist is another quality signal provider that automatically analyses classic and Fibonacci chart patterns. Available as a plugin for MT4, you can add it to your charts to quickly shift between different trading ideas. It also provides a forecast of the daily price range, which can be an effective risk management tool.
Moving averages indicator on MT4 shows the average price for the chosen period, like 20, 50 or 200 days. If the moving average is heading higher, this suggests that the asset is in an uptrend and might keep rising. But buying the asset when the price is way above the moving average is not recommended. Instead, traders can use moving averages to figure out the optimal periods to use for each market and how to trade depending on the slope and location of the moving average. Most traders use more than one moving average and trade based on moving average crossovers to confirm trading signals.
The RSI indicator on MT4 helps you establish the relative strength of recent price movements. It is often used to identify when a trend loses momentum and slows down. For example, if the RSI is set to 14 periods, and it is above 70, this shows the price has been rising over the last 14 periods.
MT4 Bollinger Bands indicator is an oscillator indicator that measures price volatility, helping traders identify if the price is high or low compared to the recent price behaviour. Typically, Bollinger bands are set to 20 periods and usually have three lines. The middle line is the 20-period moving average, and the upper and lower bands indicate if the price is overbought or oversold compared to the 20-day moving average.
Based on the critical numbers identified by mathematician Leonardo Fibonacci in the 13th century. The Fibonacci indicator MT4 helps you identify entry and exit levels for your trades. Applying the Fibonacci indicator is an art, but traders typically draw the levels starting from significant swing highs and swing lows.
Moving averages indicator on MT4 shows the average price for the chosen period, like 20, 50 or 200 days. If the moving average is heading higher, this suggests that the asset is in an uptrend and might keep rising. But buying the asset when the price is way above the moving average is not recommended. Instead, traders can use moving averages to figure out the optimal periods to use for each market and how to trade depending on the slope and location of the moving average. Most traders use more than one moving average and trade based on moving average crossovers to confirm trading signals.
The RSI indicator on MT4 helps you establish the relative strength of recent price movements. It is often used to identify when a trend loses momentum and slows down. For example, if the RSI is set to 14 periods, and it is above 70, this shows the price has been rising over the last 14 periods.
MACD indicator MT4 shows you the convergence or divergence of moving averages and essentially helps you decide whether a trend is likely to continue or come to an end.
Traders must familiarize themselves with the MT4 as a primary trading platform and begin to explore its full capability by downloading an MT4 demo account. Financial trading is a personal business, and not all strategies are suited to each individual and their personality.
ATFXAI 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 the platform that meets all these criteria.
Open your MT4 account here to begin your trading.
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