How to use Indicators in MetaTrader


In this tutorial, you’ll learn how to use indicators in MetaTrader. MetaTrader has many technical indicators. You can use it for discretionary strategy, or you can use it to create your automated trading system using MQL language.

To select an indicator, you only need to click on the indicators list and choose one indicator.

metatrader_menu

These indicators are ready to use in your MetaTrader:

Accelerator/Decelerator Oscillator
Accumulation/Distribution
Alligator
Average Directional Movement Index
Average True RangeOpens in a new tab.
Awesome Oscillator
Bears Power
Bollinger BandsOpens in a new tab.
Bulls Power
Commodity Channel IndexOpens in a new tab.
DeMarker
Envelopes
Force Index
Fractals
Gator Oscillator
Ichimoku Kinko HyoOpens in a new tab.
Market Facilitation Index
Momentum
Money FlowOpens in a new tab. Index
Moving AverageOpens in a new tab.
Moving Average Convergence/Divergence
Moving Average of Oscillator
On Balance VolumeOpens in a new tab.
Parabolic SAROpens in a new tab.
Relative Strength IndexOpens in a new tab.
Relative Vigor Index
Standard DeviationOpens in a new tab.
Stochastic Oscillator
Williams’ Percent Range

What are the most useful indicators?

MetaTrader has many indicatorsOpens in a new tab., and you can find lots of them in the MetaTrader Market. Go to the bottom of the platform and click on “Market” and choose “Indicators”.

metatrader_market

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There are many free indicators that you can try here. Also, you can find many indicators online on sites like:

ForexFactoryOpens in a new tab.

MQL ForumOpens in a new tab.

Many indicators are useless; others are complicated. If you can’t understand how your indicator works, don’t use it. You have to follow the formula of any indicator you are using.

This is the seven most relevant and useful indicators:

Trend indicators:

MOVING AVERAGEs

moving_average_metatrader

AVERAGE DIRECTIONAL MOVEMENT INDEX (ADX)

Average_Directional_Movement_Index

BOLLINGER BANDS

Bollinger_Bands

ICHIMOKU KINKO HYO

Ichimoku_Kinko_Hyo

Oscillators:

AVERAGE TRUE RANGEOpens in a new tab. (ATR)

Average_True_Range

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MOVING AVERAGE CONVERGENCE/DIVERGENCE (MACD)

MACD

RELATIVE STRENGTH INDEX (RSI)

Relative_Strength_Index

Previous step:

Next step:

  • How to use Expert Advisors
  • How to use Scripts
  • How to draw in a chart
  • How to open a trade
  • How to BackTest

MORE FROM FINANCE STRATEGY SYSTEM

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The TRIX || Triple Exponential Average Indicator || Tutorial Opens in a new tab.

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All about the Trend in Technical Analysis || Essential Tutorial Opens in a new tab.

The VIX Essential Tutorial || S&P500 Implied Volatility Index Opens in a new tab.

Keltner Channel Indicator – Tutorial 2020

Moving Average: All about Moving Averages || 2020 Tutorial Opens in a new tab.

Average True Range Indicator Opens in a new tab.

ATR STOP LOSS INDICATOR for METATRADER Opens in a new tab.

Olivier Seban – The Inventor of the SuperTrend Indicator

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