One possessing the gift of clairvoyance has the ability to predict all changes in the financial market and make only profitable trading solutions in the right place at the right time. However, even without such a valuable talent, you can drastically improve your trading scores by using a highly effective technical tool that perfectly performs this impossible task which is called an Indicator.
To start with, MetaTrader 4/5 is a free trading platform intended for making financial operations in the Forex market. Its main aim is to give traders the possibility to conduct a qualitative technical analysis of the current market conditions and gain maximum profit as a result. One of the most interesting and useful features of this software is an indicator system. Simply put, indicators are the most significant elements of the technical analysis process. They set specific signals, which help traders to take a winning decision about the right time and way of making transactions. Their obvious advantage is that they can be applied to any type of market, including a foreign exchange market, stocks and bonds market, commodity market, etc.
Indicators are an auxiliary tool that complements standard versions of MetaTrader 4/5. Typically, they are used to analyze chart tools according to a given mathematical formula and based on historical data. Their excellent feature is representation of quotes in a convenient format, so you can easily perceive and analyze them. The mechanism of indicators is to mathematically transform the price and/or volumes of a financial instrument to predict future price changes. In this case, a trader gets the opportunity to identify various features and patterns in the dynamics of prices.
Traders are provided with over 2,000 indicators which analyze financial markets by means of different algorithms. There are numerous categories of indicators: trend indicators, predictors, volume indicators, oscillators, level indicators, and so on. At this point, their classification doesn’t end. There are also sets of indicators implemented using algorithms of the prominent financial figures as a foundation. The most well-known set of this type is indicators of Bill Williams.
In case of MetaTrader, there are some commonly used indicators (classic indicators), that are pre-installed in any MetaTrader distributive, such as: Moving Average (MA), MACD, RSI, Stochastic, Bollinger Bands, etc. The main characteristics of all indicators are reliability, security, efficiency, complexity, delay and so on.
Our MetaTrader developers have a great competence among creation of the classic indicators. When it comes to the MT4/MT5 indicator programming, an enormous amount of other ideas can be implemented. We are strong in developing any custom indicators in accordance with your specific requirements as well. Using MetaTrader 4/5 indicator programming services, you get an indicator or a set of indicators that help you to manage your trading activity by:
Detecting (identifying) trend;
Avoiding (or in contrary – using) flatting market;
Calculating the trend strength;
Identifying Support and Resistance zones;
Avoiding high impact news events;
Calculating Pivot Points;
and many other things.
If you want to get a free quote and time estimation for your Custom Indicator idea implementation, please feel free to contact us, describing your project in as much detail as you can or want to.