Indicators and Forex World
Indicator in the basic sense is indicative. These indicators are tools that give us ideas and guidance when performing technical analysis. When trading, we look at these indicators to make decisions about buying or selling or profit-loss. For example, the Relative Strength Index (RSI), which you all know, is an indicator. These are representations written and used by market professionals or academics all over the world. If the indicators are used with other means (moving average, rsi indicators etc.) and if this is used based on certain rules (which the system maker or finder knows or you find), it is called the system in its entirety. Systems are set up with trial and error or backtests (backward tests based on past movements and commands).
Indicators can be used at any time zone and every currency pair. But there are a few things you need to be aware of. Firstly, an indicator may not provide returns in all time periods and in every currency pair.
As mentioned above, these indicators should be tested retrospectively and the success rates should be monitored. After every signal from the indicator, it is necessary to confirm the signal from the previous bara after the signal arrives. If a few bars of the signal are considered and processed, the gain may not be achieved. CONSIDERING THE SIGNAL OF THE PREVIOUS DURING THE END.
The Mt4 (Metatrader 4) platform has developed a software language (MetaQuotes Language) that allows us to write our own indicators. With this language it is possible to make many indicators we design in our minds as indicators. Of course, in order to be able to do this, we first need to start from the basics of the subject and not progress slowly. Let's start with the indicators that come with the MT4. Take a closer look at how to add them and how to change them.
How do I add indicators to chart? Add - »Indicators
From here you can add the indicator you want. If you want to make any changes after adding the indicator, you can select the indicator list after pressing the right button of your mouse. Here we select the display you want to adjust and select it. But what we can do on this screen is limited. You can change the colors of the indicators, change the parameters, use the data periods, etc. We can change. We can only do this with the MQL editor if we want to make more technical changes to the indicators. To open this editor we use Tools \ Tools \ MetaQuotes Language Editor shortcuts.
We added the indicator to our graph and made the settings we needed. After that,
The part is left for us. We will not enter this part of the business because everyone who is interested in commenting on the indicators that came with MT4 knows. By default the program comes with RSI, CCI, etc. Almost everybody knows how to use the indicators like, what accounts they do.
Let's say we downloaded an indicator and want to add it to the MT4. To do this, we need to import the file we downloaded into the C: MetaTrader4 Experts-> Indicators folder. When doing this, make sure your program is off. Then, when you open the program, you need to follow the above path to add the indicator to your graph. We added the indicator Add ~> Indicators ~ * appears in the special section.
I want to move to a somewhat more professional point by giving examples from an indicator that I have created for you to get to a somewhat more technical part of your business.
Indicator in the basic sense is indicative. These indicators are tools that give us ideas and guidance when performing technical analysis. When trading, we look at these indicators to make decisions about buying or selling or profit-loss. For example, the Relative Strength Index (RSI), which you all know, is an indicator. These are representations written and used by market professionals or academics all over the world. If the indicators are used with other means (moving average, rsi indicators etc.) and if this is used based on certain rules (which the system maker or finder knows or you find), it is called the system in its entirety. Systems are set up with trial and error or backtests (backward tests based on past movements and commands).
Indicators can be used at any time zone and every currency pair. But there are a few things you need to be aware of. Firstly, an indicator may not provide returns in all time periods and in every currency pair.
As mentioned above, these indicators should be tested retrospectively and the success rates should be monitored. After every signal from the indicator, it is necessary to confirm the signal from the previous bara after the signal arrives. If a few bars of the signal are considered and processed, the gain may not be achieved. CONSIDERING THE SIGNAL OF THE PREVIOUS DURING THE END.
The Mt4 (Metatrader 4) platform has developed a software language (MetaQuotes Language) that allows us to write our own indicators. With this language it is possible to make many indicators we design in our minds as indicators. Of course, in order to be able to do this, we first need to start from the basics of the subject and not progress slowly. Let's start with the indicators that come with the MT4. Take a closer look at how to add them and how to change them.
How do I add indicators to chart? Add - »Indicators
From here you can add the indicator you want. If you want to make any changes after adding the indicator, you can select the indicator list after pressing the right button of your mouse. Here we select the display you want to adjust and select it. But what we can do on this screen is limited. You can change the colors of the indicators, change the parameters, use the data periods, etc. We can change. We can only do this with the MQL editor if we want to make more technical changes to the indicators. To open this editor we use Tools \ Tools \ MetaQuotes Language Editor shortcuts.
We added the indicator to our graph and made the settings we needed. After that,
The part is left for us. We will not enter this part of the business because everyone who is interested in commenting on the indicators that came with MT4 knows. By default the program comes with RSI, CCI, etc. Almost everybody knows how to use the indicators like, what accounts they do.
Let's say we downloaded an indicator and want to add it to the MT4. To do this, we need to import the file we downloaded into the C: MetaTrader4 Experts-> Indicators folder. When doing this, make sure your program is off. Then, when you open the program, you need to follow the above path to add the indicator to your graph. We added the indicator Add ~> Indicators ~ * appears in the special section.
I want to move to a somewhat more professional point by giving examples from an indicator that I have created for you to get to a somewhat more technical part of your business.
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