MetaTrader is a trading platform that offers traders with a range of tools and features to help them analyze the markets and make informed trading decisions in Forex, Futures and Stock trader. One of the key features of MetaTrader is the indicators. Indicators are mathematical calculations based on the price and/or volume of a financial instrument that are used to help traders identify potential trading opportunities. There are thousands of forex trading indicators available for the Metatrader trading platform, including signals, trends, and oscillators. Some examples of popular indicators include Moving Average, Ichimoku Kinko Hyo, Bollinger Bands, and Relative Strength Index (RSI).
The objective of the technical indicator is to measure the strength of trend, volatility and momentum of the price series. Technical indicators are mostly derived from the price series. Sometime technical indicator uses open, high, low and close price. Sometimes the technical indicator only uses close price for computation. The advantage of technical indicators is ease of use. For example, most of technical indicators can be displayed simultaneously together with the original price series in a convenient way. Therefore, traders can easily incorporate alerting system for his trading. The disadvantage is that most of time technical indicators are lagging behind the actual price series. In modern trading platform, technical indicators and charting facilities are the basic requirements for trading. Many of the software vendors provide over 100 technical indicators with their trading platform. There are some of the vendors claiming that they are offering over 3000 different technical indicators unofficially. Most common mistake for traders is that they tend to apply the same technical indicator across every market. The different market can have different market dynamics.
Here is the great collection of MetaTrader Indicator List for 20. Each indicator is designed to give you higher accuracy and performance improvement for your trading in your MetaTrader terminal. The indicators range from popular Harmonic Pattern and Elliott Wave pattern indicator to Hard Core Math based Algorithm. We provide the short description and link to the product page for each MetaTrader indicator. We also include the link to Free MetaTrader indicators on the bottom of this page.
1. Chart Pattern MT
Chart Pattern MT is the Advanced Price Pattern Scanner for MetaTrader