This article introduces the useful features of MT4 which may help your trading. In particular, you will learn how to display multiple moving averages (MAs) on one chart and specify the time frame on display. If you are thinking about the below, this article would be helpful.
・I want to display multiple MAs on a chart.
・I want to display MAs on the specific time-frame chart.
How to display a moving average (MA) on a chart
First, we take a look at how to insert the MA (indicator).
Select [Insert]-[Indicators]-[Trend]-[Moving Average].
You can specify the below-mentioned details such as period, type, calculation method and line styles (color and shape).
You can set the time frame to display MA (see far below for details).
You can set the period of MA. If you choose “14”, MA is calculated by using the latest 14 candlesticks of the displaying time-frame chart.
There are several moving averages such as simple moving average, exponential moving average, and smoothed moving average. In this explanation, I select “Simple”, meaning “simple moving average”, as I am always using it.
MA is usually calculated from "closing prices of the candlestick". You can select other options. However, if you want to be in line with traders around the world, you should choose “Close”.
You can specify the color and shape of the line.
After completing the settings, click [OK] to display MA.
How to display MA(s) on a specific time-period chart
If you want to display MA(s) only on the 15-minute chart, make the following settings.
①In the “Visualization” tab of “Moving Average” menu, uncheck [All time frames].
* If the check remains in the box, the specified MA will be displayed on all time-frame charts.
②Check the box of the time frame you want to display.
③After confirming that the selected MA is displayed, select again [Insert]-[Indicators]-[Trend]-[Moving Average] and set another MA.
And the selected MAs can be displayed on the specific time-frame chart.
Market players all over the world rely on MAs. You should learn how to utilize and analyze MA, and it will be very helpful to you.