How to Use Basic mt4 indicators
Indicators are the most sought-after feature by forex traders. Many traders believe that by using it correctly and correctly, price movements will be predictable so that more profits can be obtained.
Various types can be used on the MetaTrader 4 (MT4) trading platform. Not only that, everything can be adjusted to your trading needs. You can also use more than one to get more accurate trading signals.
But wait!
Before we delve into its functions, we will discuss how to use the tools in mt4 indicators. If you look at forums or groups discussing forex trading and see that other traders’ MT4 looks look cool because they are decorated with various tools, you can learn how in this article.
Two things will be discussed in this mt4 indicators tutorial, including:
- How to draw a line in MT4
- How to add indicators in MT4
- How to draw a line in MT4
Lines in mt4 indicators have many functions. Horizontal straight lines, for example, can be used to determine support and resistance levels. There are several lines that you can enter into the MT4 graphic screen, including straight lines horizontally, vertically, and trendline lines whose slope you can adjust yourself to see trend movements.
To draw a line, the method is quite simple. Pay attention to the steps below:
- Click the Insert button at the top left of the MT4 screen, then select the second option, Lines, and select the line you want to add to your chart screen.
- After that, your mouse cursor will change its appearance according to the type of line you selected earlier. Hover your mouse over the graph screen and select the position where you want the line to appear. Left-click to draw the line onto your chart screen.
- Don’t worry if you put the wrong line