MetaTrader 4 is the ultimate trading platform that boasts global recognition. It comes with an intuitive and user-friendly interface featuring various charting and analytic instruments to provide traders with practically everything they may need to establish a strong presence in the financial market.
What's more, the platform is free. However, the baseline version lacks several crucial functions that can boost your trading. Also, they will not guarantee high profits right away, they ensure an in-depth market analysis as well as the ability to predict the rend and price movement. We are talking about the latest indicators for MT4.
Easy programming lets traders benefit from a variety of best MT4 indicators that can be connected at no cost. The software is easy to configure while you can easily find the needed indicator online and start using it along with the trading platform.
So, what are the best indicators for MT4 to consider in 2020? How can they ensure the desired edge for a trader? Learn all the insights from the article.
What Are Technical Indicators for MT4?
First of all, let's make sure we all clearly understand what a technical indicator is. As a trader, you are used to dealing with different charts and analytic tools. They make it possible to understand the act on price movement better. Indicators help to analyze asset trends. They can be used to measure volatility, track the price movement, and more.
These tools can be divided into 4 major categories:
- Trend Following;
Each category relies on the particular functions that refer to a specific indicator. Those functions may range from delivering a clear vision of support and resistance to currency pair price at a given period. As we have mentioned earlier, each of the above-mentioned indicators can be easily integrated with the MT4.