Indicators and EAs in MT4

How to Install Custom Indicators on MT4 - Metatrader 4 Tutorial

Metatrader changed a few things in their system and now it is harder to install custom indicators on your charts.

But not to fear, this video will show you the new method and it is just as easy. You just have to know where to install the indicators.

This video will show you how to install custom indicators in MetaTrader and what to do if you do not see your new indicators right away. It will also teach you the difference between .ex4 and .mq4 files and how to install both.

This tutorial was done on a Mac with VMWare Fusion running Windows 7.

How To Trade the S&P 500
This is just an example of the market analysis for S&P 500

Wedge Pattern - indicator for MetaTrader 4
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The Falling Wedge:

The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When you find this pattern in a downtrend it is considered a reversal pattern as the contraction of the range indicates the downtrend is loosing steam.

The Rising Wedge:

The rising wedge pattern is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When you find this pattern in an uptrend it is considered a reversal pattern as the contraction of the range indicates that the uptrend is loosing steam.

ADX - Average Directional Index

This lesson describes the ADX with the DI+ and DI- Directional Indicators, and also shows how they are commonly use.



The ADX is a momentum indicator used to determine the strength of a price trend; it is derived from the DMI –Directional Movement Index which has two indicators

• +DI- Positive Directional indicator
• –DI - Negative Directional Indicator

ADX is calculated by subtracting these two values and applying a smoothing function, example a function of ten to come up with a 10 period ADX.

ADX

• The ADX is not a directional indicator but a measure of the strength of the trend. The ADX has a scale of Zero -100.
• The higher the ADX value the stronger the trend.
• ADX value below 20 indicates that the market is not trending but moving in a range.
• ADX value above 20 confirms a buy or sell signal and indicates a new trend is emerging.
• ADX value above 30 signifies a strong trending market.
• When ADX value turns down from above 30, it signifies that the current trend is losing momentum.

ADX indicator combined with DMI- Directional Movement Index

Since the ADX alone is a directionless indicator it is combined with the DMI index to determine the direction of the currency pair.
When the ADX is combined with DMI index a trader can determine the direction of the trend and then use the ADX to determine the momentum of the forex trend.

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EXPERTS
1. GridderEA: https://www.mql5.com/en/code/26382
2. NewsReleaseEA: https://www.mql5.com/en/code/26352
3. FlySystemEA: https://www.mql5.com/en/code/26326
4. SailSystemeEA: https://www.mql5.com/en/code/26327
5. DoubleChannel: https://www.mql5.com/en/code/26469
6. FollowLineEA: https://www.mql5.com/en/code/26516
7. 5MinutesScalpingEA: https://www.mql5.com/en/code/26618
8. TraderTool: https://www.mql5.com/en/code/26160
9. ProfitLossTrailEA: https://www.mql5.com/en/code/25545
10. VirtualProfitLossTrailEA: https://www.mql5.com/en/code/25543
11. CloseDeleteEA: https://www.mql5.com/en/code/25523
12. TargetEA: https://www.mql5.com/en/code/25522
13. CheckExecutionEA: https://www.mql5.com/en/code/25529
14. HistoryInfoEA: https://www.mql5.com/en/code/25531
15. CompassLineEA: https://www.mql5.com/en/code/26699
16. HistoScalperEA: https://www.mql5.com/en/code/26703
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INDICATORS
17. iDoubleChannel: https://www.mql5.com/en/code/26462
18. 5 Minutes Scalping System: https://www.mql5.com/en/code/26461
19. iFollowLine: https://www.mql5.com/en/code/25542
20. iCompass: https://www.mql5.com/en/code/25541
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22. RSI in MA: https://www.mql5.com/en/code/25533
23. CCI in MA: https://www.mql5.com/en/code/25532
24. MACD in MA: https://www.mql5.com/en/code/25534
25. iBrokerInfo: https://www.mql5.com/en/code/25530
26. iPlotterHistroryOrders: https://www.mql5.com/en/code/25544
27. iRSI_Advances_Histo: https://www.mql5.com/en/code/26622
28. iCCI_Advanced_Histo: https://www.mql5.com/en/code/26623
29. iATR_Advanced_Histo: https://www.mql5.com/en/code/26627
30. iBearsBulls_Advanced_Histo: https://www.mql5.com/en/forum/322308
31. iStochastic_Advanced_Histo: https://www.mql5.com/en/code/26665
32. iMACD_Advanced_Histo: https://www.mql5.com/en/code/26666
33. iBands_Advanced_Histo: https://www.mql5.com/en/code/26669
34. iADX_Advanced_Histo: https://www.mql5.com/en/code/26683