What are Metatrader 4 indicators?
Indicators are crucial tools in trading that help you identify market trends and forecast future price changes. The MetaTrader 4 premium upgrade offers a variety of advanced indicators you can use to enhance your trading strategy. These indicators can help you recognize potential entry or exit points and improve your trading performance.
The benefits of Metatrader 4 indicators
There are lots of benefits to using Metatrader 4 indicators, including:
OANDA Connect app
Available through the MT4 premium upgrade, you’ll find quality web content inside your trading platform.
- Get direct access to content from Dow Jones, market news sentiment, and two calendars to stay current.
- Analyze your trading with the OANDA dashboard.
- Access OANDA forex blog content.
- Download the OANDA order-book MT4 plug-in.
Trade terminal
Trade terminal provides you with new features that allow you to analyze markets better and execute trades, including allowing you to:
- Create deal tickets and order templates.
- Generate OCO and conditional orders.
- Manage group trade management to simultaneously set take-profit, stop-loss, and trailing stops across all positions.
Mini terminal
The mini terminal lets you view a deal ticket from the Trade Terminal in a specific MT4 chart. This allows you to:
- Access ladder-style trade entry through the chart trading feature.
- Calculate the appropriate lot size depending on your stop and risk limits.
- Trigger trades when price crosses user-defined trendlines (hold the 'ctrl' key while placing trendlines).
- Use smart lines to trigger trades.
- Undock the window to view important information while performing other tasks.
Alarm manager
Configure the alarm manager to create a personalized trading companion that allows you to manage alerts in your MT4 indicators. The alarm manager can provide alerts for account-related events like margin usage, trade entries and exits, and pending and released news events.
Excel RTD
The Excel RTD app lets traders with limited programming knowledge take advantage of basic Excel commands by interfacing in real time with MT4. With the Excel RTD app, you can monitor the real-time account, trade, and market data via Excel.
Correlation matrix
See correlations between different markets and define which instruments are shown in the matrix. The correlation matrix, for example, can help you manage risk by identifying correlating pairs.
Tick chart trader
The tick chart trader is designed for traders who prefer fast market entries and exits. It shows market changes on a tick-by-tick interval, and trades can be rapidly completed with mouse or keyboard shortcuts. Available tick charts include tick, speed, and timed charts.
Stealth orders
Using MT4 Stealth Orders, you can hide your entry and exit levels from other market participants using stealth entries and stealth exits. You can also set account-level exits based on floating P/L, equity, or margin or perform symbol exits at a specific price or when a combined profit threshold is reached.
Market manager
Using the market manager, you can summarize and focus on the most critical information, create watchlists, view an account summary, and make fast, efficient trades using pre-defined trading templates created using other MT4 add-ons. All this information is provided in a single window containing your chosen information.
Session map
The session map allows you to view the world’s major trading sessions on a map, all in your local time. With the session map, you can see news markers for economic data releases, color-coded by importance.
Sentiment trader
View information about current and historic long vs. short sentiment on major FX pairs. With sentiment trader, you can plot historical sentiment vs price action as candlesticks or close prices.
Correlation trader
Gain unique trading insight by seeing the strength of the correlation between two symbols of your choice in the correlation trader. With this tool, you can customize a timeframe to analyze correlations.
Download the MT4 premium upgrade and access its indicators
Enhance your trading experience with powerful forex indicators for MT4. The upgrade can be downloaded in just three steps.
Download and install
Once you're ready to experience the power of the MT4 premium upgrade, simply download the installation file from our website. Unzip the file and open the self-extraction file. Follow the step-by-step installation process, and you'll be ready to start using the advanced indicators and tools in no time.
Find additional tools
After installation, go to the navigator panel to find additional tools and indicators.
Drag and drop
Drag and drop the desired tool onto an MT4 chart, and ensure 'Allow DLL imports' is checked.
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