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

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
RELATED TERMS
  1. Fintech

    Fintech is a portmanteau of financial technology that describes ...
  2. Indicator

    Indicators are statistics used to measure current conditions ...
  3. Intraday Momentum Index (IMI)

    A technical indicator that combines aspects of candlestick analysis ...
  4. Mass Index

    A form of technical analysis that looks at the range between ...
  5. Money Flow Index - MFI

    A momentum indicator that uses a stock’s price and volume to ...
  6. On-Balance Volume (OBV)

    A momentum indicator that uses volume flow to predict changes ...
  1. What are the advantages and disadvantages of using systematic sampling?

    Learn about the primary advantages and disadvantages of using a systematic sampling method when conducting research of a ...
  2. How effective is creating trade entries after spotting a Tri-Star pattern?

    Learn about the tri-star pattern and how to use corroborating reversal signals from other technical indicators to build effective ...
  3. How important are descending tops for a trading strategy?

    Find out what it means when a security or indicator is showing a descending tops pattern on a price chart, and what it says ...
  4. What are the most popular forms of technical analysis?

    Technical analysis approaches the market by studying price and volume. It yields radically different insights and conjectures ...

You May Also Like

Related Tutorials
  1. Active Trading Fundamentals

    Introduction to Stock Trader Types

  2. Trading Strategies

    Guide to Pairs Trading

  3. Trading Systems & Software

    Beginner's Guide To J-Trader

  4. Trading Systems & Software

    Beginner's Guide To CQG Integrated Client Trading Platform

  5. Trading Strategies

    Top Investment Trends For 2013

Trading Center