Forex trading is a popular form of investment that many people use to make money online. As a beginner in forex trading, it’s important to understand how to use indicators to make better trading decisions. In this article, we’ll explain how to put an indicator into the navigator on the MetaTrader platform.
MetaTrader is a popular platform used for forex trading. It offers a wide range of tools and indicators that can be customized to suit individual trading styles. One of the key features of MetaTrader is the navigator, which allows traders to access and manage their indicators easily.
To put an indicator into the navigator, you first need to download the indicator file. There are many websites that offer free or paid indicators that you can use in your trading. Once you have downloaded the indicator, follow these steps to add it to your navigator:
Step 1: Open the MetaTrader platform
The first step is to open the MetaTrader platform on your computer. If you don’t have it installed, you can download it from the MetaTrader website. Once you have installed the platform, open it and log in to your account.
Step 2: Open the navigator
To open the navigator, go to the View menu on the top toolbar and select Navigator. Alternatively, you can use the keyboard shortcut Ctrl+N to open the navigator.
Step 3: Locate the indicators folder
In the navigator, you will see a list of folders, including Accounts, Indicators, Experts, and Scripts. Click on the Indicators folder to expand it.
Step 4: Add the indicator
To add the indicator, simply drag and drop the file from your computer into the Indicators folder in the navigator. Alternatively, you can right-click on the Indicators folder and select “Import” from the menu. This will open a file browser where you can select the indicator file to import.
Step 5: Refresh the navigator
Once you have added the indicator, you need to refresh the navigator to see it. To do this, right-click on the Indicators folder and select “Refresh” from the menu. The new indicator should now appear in the list of indicators in the navigator.
Step 6: Add the indicator to a chart
To use the indicator on a chart, simply drag and drop it from the navigator onto the chart. Alternatively, you can right-click on the chart and select “Indicators List” from the menu. This will open a window where you can select the indicator from the list and add it to the chart.
Adding an indicator to the navigator in MetaTrader is a simple process that can greatly enhance your trading experience. By using indicators, you can make better trading decisions and increase your chances of making profits. With the steps outlined in this article, you should be able to add any indicator to your MetaTrader platform and start using it in your trading.