and other tasks. One of the most popular indicator ismoving average, which shows the average price of a currency pair over a period of time. We won't cover the math behind its calculation in this guide — we just want to show you how to add an indicator to a chart and then remove ...
When you reopen the platform you should now see your custom EA/Indicator in the Navigator window. You can drag and drop it to the chart(s) of your choice. You can find custom EAs and Indicators on the MQL5 website: https://www.mql5.com/en/code/mt4 ...
things get solved with MQL4. Therefore, the following operation scheme has to be implemented: the same indicator can operate on both online andoffline charts. However, it will have to adjust its functionality depending on the mode of charts used. ...
In newer MT4 and in MT5 indicators, the function is called OnCalculate and its declaration can vary from one indicator to another. You have to insert the alert conditions code just above the last return(rates_total); statement inside that function....
it is time to learn to apply the Tabajara Index. You can do so by first going to Properties and applying color to the low and high candles. As I previously said, the convention is to go for red for the low ones and green for the high ones. Afterward, add this indicator to the cha...
on the + sign in the ‘Indicators’ tab under navigator to expand the folder to view the default list of indicators offered by MT4. Another way to add indicators, is to click on ‘Insert’ from the main menu and then selecting the type of indicator or drawing tool that you want to ...
(2)how to customize its parameters, (3)how to remove this indicator from mt4 chart. How to set Bollinger Bands indicator First open your chart. In the above menu, click on”Insert”. Then click on”Indicators”and”Trend”. You will see Bollinger Bands indicator. Then click on”Bollinger...
How to Install Forex Indicators on the MetaTrader Platform To use your chosen technical indicator, you need to add it to your chart. On the MetaTrader platform, go to the standard menu and click on the “insert” button. After that, click on the “Indicators” button to access the full ...
Let us look at the momentum indicator found in MT4 and how it can be profitably used. Momentum is calculated as a ratio of today’s price to the price several periods ago (MomPeriod): MOMENTUM = CLOSE of Current Bar / MomPeriod *100 ...
Once MT5 has restarted, go to:Insert>Indicators>Custom>Your indicator name(should be at the bottom of the list) If you want to add the indicator to multiple charts, setup a chart template and include the indicator in the template. To do this, right-click on the chart, then click onSave...