The ChoosaBroker Trading Academy

1. An Introduction to Financial Markets (Module 1)
1.1. An Introduction to Financial Markets 1.2. Historical Perspective 1.3. Portfolio Management 1.4. Diversification 1.5. Power of Compounding
2. Breakdown of Asset Classes (Module 2)
2.1. Foreign Exchange 2.2. Stocks 2.3. Indices 2.4. Commodities 2.5. CFDs Contract for Difference 2.6. Bonds 2.7. Cryptocurrencies 2.8. Futures and Options 2.9. ETFs
3. Categories of Financial Market Participants (Module 3)
3.1. Speculators 3.2. Investors 3.3. Hedgers 3.4. Arbitrageurs 3.5. Institutional Players
4. Portfolio Management (Module 4)
4.1. Theory and Importance of Portfolio Management 4.2. Asset Allocation 4.3. Risk Management 4.4. Retirement Planning
5. Introduction to Forex (Module 5)
5.1. How the Forex Market Works 5.2. Benefits and Drawbacks of the Currency Market 5.3. Major Pairs and Time Zones 5.4. Basic Forex Trading Concepts 5.5. Leverage and Margin Trading 5.6. Forex Market Strategies
6. Introduction to Stocks and Indices (Module 6)
6.1. How the Stock Market Works 6.2. Commonly Used Terms 6.3. Primary and Secondary Markets 6.4. Regulatory Framework 6.5. Financial Intermediaries 6.6. Clearing and Settlement Process 6.7. Index Composition
7. Introduction to Commodities (Module 7)
7.1. How the Commodity Market Works 7.2. Understanding Derivatives and Futures Pricing 7.3. Global Commodity Exchange 7.4. Agricultural Commodities 7.5. Non-Agricultural Commodities 7.6. Precious and Non-Precious Metals 7.7. Factors That Affect Commodity Prices
8. Introduction to CFDs (Module 8)
8.1. Types of CFDs 8.2. Basic Concepts of CFD Trading
9. Introduction to ETFs (Module 9)
9.1. How ETFs Work 9.2. How to Select ETFs
10. Different Forms of Asset Analysis (Module 10)
10.1. What is Technical Analysis? 10.2. What is Fundamental Analysis? 10.3. News Trading 10.4. Earnings Trading
11. Basics of Technical Analysis (Module 11)
11.1. How to Identify Support-Resistance Levels 11.2. Understanding Trends 11.3. An Introduction to Classical Chart Patterns 11.4. Overview of Candlestick Patterns 11.5. Different Types of Technical Indicators 11.6. Fibonacci Levels 11.7. How to Build a Trading Plan 11.8. Importance of Controlling Risk in Trading
12. Basics of Meta Trader 4 (Module 13)
13.1. How to Get Started MT4 13.2. How to Create and Adjust Charts 13.3. How to Place an Order 13.4. Basic Performance Monitoring on MT4 13.5. Risk Management Tools 13.6. MT4 Webtrader Basics
13. Advanced Meta Trader 4 Tools (Module 14)
14.1. How to Place Special Orders 14.2. Setting Asset Alerts and Rules 14.3. Adding Technical Indicators 14.4. Using Expert Advisors 14.5. Keyboard Shortcuts 14.6. MT4 Mobile Application

14.3. Adding Technical Indicators on MT4

For traders and investors relying on technical analysis to form their market bias, indicators are an indispensable tool. MetaTrader 4 has up to 30 inbuilt technical indicators, enabling market participants to implement even the most complex of strategies. The best forex brokers provide further details in this respect.

MetaTrader 4 Indicators

MT4 indicators are categorized under the following 4 heads:

TREND INDICATORS

  • Average Directional Movement Index – Used to determine when price is trending strongly.
  • Bollinger Bands – Volatility bands placed above and below a moving average.
  • Envelopes – Typically overlaid on a price chart to identify extreme overbought and oversold conditions.
  • Ichimoku Kinko Hyo – Defines market support and resistance and determines trend direction.
  • Moving Average – Displays the average price of a security over a specific period of time.
  • Parabolic SAR – Price and time-based trading system developed by J. Welles Wilder.
  • Standard Deviation – Measures the amount of variability around an average.

OSCILLATOR INDICATORS

  • Average True Range – Provides an indication of the degree of price volatility.
  • Bears Power – Developed by Alexander Elder, it estimates the power of sellers.
  • Bulls Power – Developed by Alexander Elder, it estimates the power of buyers.
  • Commodity Channel Index – Versatile indicator, used to spot a new trend or warn of extreme market conditions.
  • DeMarker – Measures the demand for an underlying asset.
  • Force Index – Assess the “force” behind price moves and identifies potential trend changes.
  • MACD – A widely popular trend-following momentum indicator.
  • Momentum – Measures the strength of a price move.
  • Moving Average of Oscillators – Depicts the difference between an oscillator and its moving average.
  • Relative Strength Index – Developed by Welles Wilder, it measures the speed and change of price movements.
  • Relative Vigor Index – Calculates the likelihood of a recent price move continuing.
  • Stochastic Oscillator – A momentum indicator that compares a security’s closing price to its range over a certain period of time.
  • Williams’ Percent Range – Developed by Larry Williams, %R is the inverse of the Stochastic Oscillator.

VOLUME INDICATORS

  • Accumulation/Distribution – Attempts to gauge a market’s demand-supply scenario.
    Money Flow Index – Uses both price and volume data to measure an underlying asset’s buying and selling pressure.
    On Balance Volume – Another popular indicator to measure buying and selling pressure.

BILL WILLIAMS INDICATORS

  • Accelerator Oscillator – Signals acceleration or deceleration in the current market driving force.

  • Alligator – Consists of three lines overlaid on price that was created to help confirm the presence of a trend and its direction.
  • Awesome Oscillator – Tries to gauge whether bullish or bearish forces are currently driving the market.
  • Fractals – Indicators overlaid on candlestick charts that locate potential market turning points.
  • Gator Oscillator – Developed by Bill Williams, it is an auxiliary oscillator to the Alligator.
  • Market Facilitation Index – Tracks the willingness of a market to move price.

How to Apply MT4 Indicators to Chart

  • First, we click on the “Insert” menu.
Next, select the indicator you wish to add to an asset’s chart. Indicators are typically grouped according to the functions they perform. For example, “Moving average” can be found under the “Trend” section.
After selecting the indicator, input its parameter(s) and edit its appearance.

Click OK once the settings have been tweaked to your satisfaction. The indicator is now good to go!


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