Trend following indicators MT4 (in Meta Trader) is a free lecture from MetaTrader 4 Forex platform: Start trading with a pro trader. Enroll here in the course: [ Ссылка ]
In this lecture, you will learn more about all the trend following indicators MT4 (in Meta Trader).
The complete course will be launched by the end of January 2019!
The first indicator that you will get familiar with is the Average Directional Movement Index. This indicator gives a signal when the positive DI crosses the negative DI. It is displayed in a separate window below the price.
The second indicator from the trend following indicators MT4 in this group is Bollinger Bands. It is displayed over the chart itself. It has a Moving middle average and two bands, which widen when there is volatility on the market.
The third indicator is called Envelopes—another indicator over the chart. Here the 2 bands are keeping the same distance between each other with a deviation, and the middle Moving average is invisible.
The fourth indicator from the trend following indicators MT4 is the Ichimoku Kinko Hyo. It contains the cloud, which plays the role of support and resistance. Also, there are lines Tenkan-sen and Kiju-sen, which make the indicator very colourful.
The fifth one is the Moving Average. One of the most common trends following indicators MT4. It has four methods - simple, exponential, weighted, smoothed.
The sixth indicator is called the Parabolic SAR. It is displayed as dots over each candlestick, and it is used generally as an indicator to take profits.
The last from all trend following indicators MT4 is the Standard Deviation. It is displayed as a line in a separate window below the price. The common period is 34.
These are the 7 trends following indicators MT (in Meta Trader), and in this lecture, Petko Aleksandrov, Head Mentor at EA Forex Academy, will introduce you to each one. You will learn the most important signals that each indicator gives and how they can be used in trading.
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