How to Add Indicator to Chart in MetaTrader 4

Adding an indicator to a chart is very easy and it doesn't require much time to learn it. In this guide, you will see an example of how to add and remove an indicator from a chart in MetaTrader 4.

Indicators are very useful tools to perform technical analysis and other tasks. One of the most popular indicator is moving average, which shows the average price of a currency pair over a period of time. We won't cover the math behind its calculation in this guide — we just want to show you how to add an indicator to a chart and then remove it.

Basically, the steps are the following:

  1. Open one or more charts in MetaTrader 4.
  2. Select the chart where you want to add the indicator.
  3. Click the Indicator List icon.
  4. Select the group (in this case, Trend).
  5. Click Moving Average.

How to Add Indicator to Chart in MetaTrader 4

Now, you can select the input parameters to use with the indicator:

Selecting Input Parameters of Moving Average Indicator

The indicator will appear on the chart:

Attached Indicator Appears on Chart

You can change the parameters of the indicator any time by right-clicking the indicator's line and clicking Properties (in this case, MA(22) properties):

Invoking Indicator's Context Menu via Chart

To remove the indicator, right-click its line and select Delete Indicator:

Deleting Indicator from Chart in MetaTrader 4

If there are many indicators attached to the chart, as in the example below, you can right-click anywhere on the chart and select Indicators List (Ctrl+I does the same):

Calling Up Indicators List in MetaTrader 4

From here you can see the list of attached indicators and edit or remove one or more of them:

Editing and Removing Indicators via Indicators List in MetaTrader 4

Working with indicators in MT4 is quite easy and you will see it yourself — test it if you haven't already!


If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter.

© 2005–2021

EarnForex.com

Design — Mart Studio

Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.