How to add indicators to MT4 on Android
MetaTrader 4 offers a wide range of technical features for almost every trading purpose. It is designed to provide a most precise and correct forecast of future changes in price. Being a mathematical transformation of volumes and price, indicators are the core of every trading system. A decision on when and how to operate with positions are usually made using signals provided by technical indicators.
Indicators in MetaTrader 4 version for Android devices are divided into 2 big groups based on their functions: oscillators, trend indicators, volume indicators and Bill Williams' indicators.
Trend indicators are developed to help to detect the reversal moments at one time or with a delay, while oscillators can easily help you to find reversal points synchronously or in advance. Volume indicators are those responsible for the volume and Bill Williams' ones are used for hundreds of different purposes.
To add indicators to MetaTrader 4 on Android you need to follow these steps:
- First of all, if you want to add a new indicator, you will need to tap sign that is situated next to the required chart window. Note: If the indicators are shown only on your main chart or even not applied at all, the window will allow adding indicators only to the main chart. However, if an indicator is shown in a separate window, the following the window will be created automatically. After an additional window has been shown, you can easily add indicators right to it.
- A tap on sign opens a new window, where you can select the needed indicator. Chose the one you need. After this you will see the window with its properties opened. Each indicator in MT4 has a range of specific parameters, which can be also easily manage for your needs.
If you add indicators to MetaTrader 4 on Android, it will take you just a couple of minutes, since the process is absolutely easy and convenient.