How To Apply Moving Averages With MetaTrader 4: Customizing The MA
AAA
  1. How To Apply Moving Averages With MetaTrader 4: Introduction
  2. How To Apply Moving Averages With MetaTrader 4: Moving Averages
  3. How To Apply Moving Averages With MetaTrader 4: Using MAs
  4. How To Apply Moving Averages With MetaTrader 4: Customizing The MA
  5. How To Apply Moving Averages With MetaTrader 4: Editing The MA
  6. How To Apply Moving Averages With MetaTrader 4: Conclusion
How To Apply Moving Averages With MetaTrader 4: Customizing The MA

How To Apply Moving Averages With MetaTrader 4: Customizing The MA

Regardless of the method used to attach the MA, the trader will next have the option to define inputs, such as MA length, once the indicator has been selected and the Moving Average window automatically appears. The window has three tabs:

  1. Parameters
  2. Levels
  3. Visualization
SEE: Moving Average Explosions

The Parameters tab, shown in Figure 4, has several user-defined input options:

  • Period - The lookback period, or the number of bars that will be used in the calculation.

  • Shift - The offset of the MA.

  • MA Method - Simple, exponential, smoothed or linear weighted.

  • Apply to - The price that will be used in the calculation, such as Close, Open, High, Low and several other options.

  • Style - The color, line style and line weight for the MA.
Figure 4: Traders can customize the appearance and period of the moving indicator in the Parameters tab.


The Levels tab, shown in Figure 5, allows traders to build "levels" or a channel around a MA.

Figure 5: Traders can build bands around the primary MA by creating levels in the Levels tab.


To add a channel, double-click under "Level" and enter the desired value (the distance from the MA), then double-click under "Description" to give the level a name, such as "Level 1." Choose the style - color, line style and line weight - and click the Add button to create additional Levels. The levels will appear as bands the specified distance from the moving average, as shown in Figure 6.

Figure 6: Levels create a price channel a specified distance from the primary MA.


The Visualization tab, shown in Figure 7, is the final tab in the Moving Average window. In this tab, traders can specify to which timeframe the MA indicator will be anchored. This can be done so that the indicator's settings (such as Period) will not have to be readjusted with each new timeframe.

Figure 7: Traders can select the timeframe(s) to which the indicator will be anchored in the Visualization tab.


For example, if the MA's period was set to 20 in the Parameters tab, the M5 (five-minute) and H1 (one-hour) timeframes can be selected in the Visualization tab; the 20-period MA will then appear only on these two timeframes as traders toggle between the various charting intervals. To have the MA (with the same inputs) appear on all charting intervals, click the box next to "All Timeframes."

SEE: Moving Averages: How To Use Them

How To Apply Moving Averages With MetaTrader 4: Editing The MA

  1. How To Apply Moving Averages With MetaTrader 4: Introduction
  2. How To Apply Moving Averages With MetaTrader 4: Moving Averages
  3. How To Apply Moving Averages With MetaTrader 4: Using MAs
  4. How To Apply Moving Averages With MetaTrader 4: Customizing The MA
  5. How To Apply Moving Averages With MetaTrader 4: Editing The MA
  6. How To Apply Moving Averages With MetaTrader 4: Conclusion
How To Apply Moving Averages With MetaTrader 4: Customizing The MA
RELATED TERMS
  1. Money Flow Index - MFI

    A momentum indicator that uses a stock’s price and volume to ...
  2. Mass Index

    A form of technical analysis that looks at the range between ...
  3. On-Balance Volume (OBV)

    A momentum indicator that uses volume flow to predict changes ...
  4. Negative Volume Index - NVI

    A technical indicator that relies on changes in a security’s ...
  5. Accumulation/Distribution

    An indicator that tracks the relationship between volume and ...
  6. Force Index

    The Force Index is an oscillator that fluctuates above and below ...
  1. What trends and data influence after-hours traders the most?

    Learn about the specific information that after-hours traders review to influence their trading.
  2. What are some common traits of undervalued stocks?

    There are a few basic factors found in companies that are worth more than their current stock price.
  3. What are the best indicators for evaluating technology stocks?

    Technology stocks are often some of the most discussed stocks on the news. How can investors spot the company that will roll ...
  4. What technical indicators can I use to find undervalued stock?

    Investors seeking new ideas may want to look to technical analysis to see whether the market has undervalued a particular ...
comments powered by Disqus
Related Tutorials
  1. Introduction to Stock Trader Types
    Active Trading Fundamentals

    Introduction to Stock Trader Types

  2. Guide to Pairs Trading
    Trading Strategies

    Guide to Pairs Trading

  3. Beginner's Guide To J-Trader
    Trading Systems & Software

    Beginner's Guide To J-Trader

  4. Beginner's Guide To CQG Integrated Client Trading Platform
    Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

  5. Top Investment Trends For 2013
    Trading Strategies

    Top Investment Trends For 2013

Trading Center