How to Add Indicator to 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:
- Open one or more charts in MetaTrader 4.
- Select the chart where you want to add the indicator.
- Click the Indicator List icon.
- Select the group (in this case, Trend).
- Click Moving Average.
Now, you can select the input parameters to use with the indicator:
The indicator will appear on the 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):
To remove the indicator, right-click its line and select Delete Indicator:
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):
From here you can see the list of attached indicators and edit or remove one or more of them:
Working with indicators in MT4 is quite easy and you will see it yourself — test it if you haven't already!
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