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Indicators in MT4

This is a discussion on Indicators in MT4 within the HowToBasic forums, part of the Announcements category; Hi Everyone, How can I add a SMA of the Momentum Indicator in the subwindow, MT4 platform? Drag and drop ...

          
   
  1. #1
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    Indicators in MT4

    Hi Everyone,
    How can I add a SMA of the Momentum Indicator in the subwindow, MT4 platform?
    Drag and drop is not working!
    Thanks
    Jozo

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    Hi Jozo,

    Drag and drop is working: drag the MA indicator from navigator window to separated window with Momentum indicator, then on the parameter page click on "apply to" drop down menu and change from close to indicator data. I just created this very small video - you can watch and see :




    ==========

    Besides, you can use MACD indicator signal line of this indicator is SMA if I remember:

    Indicators in MT4-macd_1.png


    ==========

    Besides, you were talking about SMA of Momentum ... but as far as I know - this is similar with MACD indicator. This is from Achelis - "Technical Analysis from A to Z"


    Overview

    The MACD ("Moving Average Convergence/Divergence") is a trend following momentum indicator that shows the relationship between two moving averages of prices. The MACD was developed by Gerald Appel, publisher of Systems and Forecasts.

    Interpretation

    The MACD proves most effective in wide-swinging trading markets. There are three popular ways to use the MACD: crossovers, overbought/oversold conditions, and divergences.

    Crossovers

    The basic MACD trading rule is to sell when the MACD falls below its signal line. Similarly, a buy signal occurs when the MACD rises above its signal line. It is also popular to buy/sell when the MACD goes above/below zero.

    Overbought/Oversold Conditions

    The MACD is also useful as an overbought/oversold indicator. When the shorter moving average pulls away dramatically from the longer moving average (i.e., the MACD rises), it is likely that the security price is overextending and will soon return to more realistic levels. MACD overbought and oversold conditions exist vary from security to security.

    Divergences

    A indication that an end to the current trend may be near occurs when the MACD diverges from the security. A bearish divergence occurs when the MACD is making new lows while prices fail to reach new lows. A bullish divergence occurs when the MACD is making new highs while prices fail to reach new highs. Both of these divergences are most significant when they occur at relatively overbought/oversold levels.
    ==========

    As I know - some coders and traders are using MACD idnicator together with martingale systems/EAs because they consider it as universal indicator which can help to save the deposit (and money).

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    There is some other way - you can use New FFx standard indicators created by FerruFX

    In this case - you will have everything (all standard indicators) in separate window in multi symbol way. This is example with SMA:

    Indicators in MT4-ferru.png


    To use those FFx indicators so you need "to play" with the following settings/inpoits of those indicators:

    • Timeframes (delete some timeframes from indicator's inpout - I am using just 4 timeframes
    • Candles_per_TF - I am using 11, or 9, or 14 (because I want to see indicator for all my selected timeframes in separate window).

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    Just a small video about 200 SMA :

    Forex Trading the 200 Moving Average

    The 'Big Daddy' of Moving averages is the 200 period moving average. We are going to examine the roll of the 200 period simple moving average (SMA) as it relates to a couple Forex currency pairs.


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    About SMA - we can read this good article on babypips : SMA vs. EMA :


    Indicators in MT4-hare-toirtoise.png


    By now, you're probably asking yourself, which is better? The simple or the exponential moving average?

    First, let's start with the exponential moving average. When you want a moving average that will respond to the price action rather quickly, then a short period EMA is the best way to go.

    These can help you catch trends very early (more on this later), which will result in higher profit. In fact, the earlier you catch a trend, the longer you can ride it and rake in those profits (boo yeah!).

    The downside to using the exponential moving average is that you might get faked out during consolidation periods (oh no!).

    Because the moving average responds so quickly to the price, you might think a trend is forming when it could just be a price spike. This would be a case of the indicator being too fast for your own good.

    With a simple moving average, the opposite is true. When you want a moving average that is smoother and slower to respond to price action, then a longer period SMA is the best way to go.

    This would work well when looking at longer time frames, as it could give you an idea of the overall trend.

    Although it is slow to respond to the price action, it could possibly save you from many fake outs. The downside is that it might delay you too long, and you might miss out on a good entry price or the trade altogether.

    An easy analogy to remember the difference between the two is to think of a hare and a toirtoise.

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    How to Configure 5-13 EMA Channel Offset Trading System in Metatrader 4

    Here is a simple approach to Configure 5-13 EMA Channel Offset Trading System in Metatrader 4 without writing a single piece of code. A sample EURUSD 15 min chart in Broco Software (Metatrader 4 Platform). Just check out the video about how to configure the trading system

    Buy and Sell Rules are Simple:

    • Buy if the candle closes above the EMA Offset line(blue)
    • Sell if the candle closes below the EMA offset line(red)
    • Trailing stop loss is Red line in case of Buy Signal and Blue line in case of Sell signal



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    200 Moving Average Part 1 of 4

    Stock chart analysis of 200 moving average


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    21 & 55 Moving Average part 2 of 4

    Part 2 is about 21 and 55 Moving Average with the relation with 200 moving average for stock Chart Analysis


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    5 & 10 Moving Average - Part 3 of 4

    Part 3 of moving Average stock chart analysis


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    Moving Average Part 4 of 4

    Stock chart Analysis of Moving average trading method


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