Top 40 MetaTrader Indicators

MT4 Indicator Mass Index:

  • The mass index serves for finding turns in trends
  • It is based on changes between maximum and minimum prices
  • When the amplitude gets wider, the mass index grows; when it gets narrower, the index gets smaller
  • The mass index was created by Donald Dorcy
  • According to Dorcy the most important mass index signal is a special model which is formed by the indicator
  • It is called "reversal bulge". It is formed if a 25-period mass index at first rises above 27 and then falls below 26,5
  • In this case a turn of price can take place, independently of the general trend (the price can move up or down or fluctuate within a trade corridor)

MT4 Indicator Commodity Channel Index (CCI):

  • The Commodity Channel Index Technical Indicator (CCI) measures the deviation of the commodity price from its average statistical price
  • High values or the index point out that the price is unusually high being compared with the average one, and low values show that the price is too low
  • In spite of its name the CCI indicator can be applied for any financial instrument and not only for the wares

MT4 Indicator Parabolic SAR (Stop & Revers):

  • The Parabolic SAR Technical Indicator was developed for analysing trending markets
  • The indicator is constructed on the price chart
  • It it similar to the Moving Average Technical Indicator with the only difference that Parabolic SAR moves with higher acceleration and can change its position in terms of the price
  • The indicator is below the price on the bull market (Up Trend) and if it is bearish (Down Trend), it is above the price
  • When the price crosses Parabolic SAR lines, the indicator turns and its further values are situated on the other side of the price
  • If such an indicator turn does take place, the maximum or the minimum price for the previous period would serve as the starting point
  • If the indicator makes a turn, it gives a signal of the trend end (correction stage or flat) or of its turn

MT4 Indicator Moving Average:

  • The Moving Average Technical Indicator shows the mean instrument price value for a certain period of time
  • If on calculates the moving average, one averages out the instrument price for this time period
  • As the price changes, its moving average either increases or decreases
  • There are four different types of moving averages: Simple (also referred to as Arithmetic), Exponential, Smoothed and Linear Weighted
  • Moving averages can be calculated for any sequential data set, including opening and closing prices. highest and lowest prices, trading volume or and other indicators
  • It is often the case if double moving averages are used
  • The only thing where moving averages of different types diverge considerably from each other, is if weight coefficients, that are assigned to the latest data, are different
  • In case we are talking of the simple moving average, all prices of the time period in question, are equal in value
  • Exponential and Linear Weighted Moving Averages attach more value to the latest prices

MT4 Indicator Pivot Points Support and Resistance Lines

MT4 Indicator Accumulation Swing Index

MT4 Indicator Bollinger Bands

MT4 Indicator Zig Zag