Setting the Moving Average to another indicator in the MT4 terminal | ForeX Technical Analysis & Analytics

technical capabilities of the MetaTrader 4 ( MT4 ) terminal allow you to impose a affect average on any other indicator in the terminal .
RSI Indicator and Moving Average
In the word picture above you see how a elementary move average with a time period of 21 ( red line ) is applied to the standard RSI indicator with a menstruation of 14 ( blasphemous line ). How to do it yourself ?
This is nothing complicated. First, you need to use standard methods to set the indicator you need on the currency pair chart to which you want to set the move average.

then, in the MT4 “ Navigator ” terminal menu, select the move modal index and use the Drag and Drop technology to drag it onto the index window. In my exercise, this is a criterion RSI index. But you can superimpose the average on early indicators, depending on your indigence.

After that, in the “ Moving Average ” window in the “ Apply to ” check, select the “ Previous Indicator Data ” parameter. See the exemplification below .
A motivate average will be applied to the indicator and we will get the signal agate line of the RSI indicator .
If you select the “ First Indicator Data ” parameter in the menu, the modal will be based on the datum of the very first indicator, which is not necessarily the index you need ( if you have other indicators on the chart ) .
For our example, you can choose any parameter, since we have only one indicator – it is the foremost and former .
consequently, you can adjust any standard parameters of the motivate median applied to your indicator, including time period, color, thickness, etc. And besides in the “ Display ” tab key, you can change the average display mode on assorted timeframes .
Applying a Moving average to another indicator allows you to smooth out its readings and get more reliable and high-quality signals .
How to display the moving average from one timeframe on all early periods of your chart in the MT4 terminal, read the article – “ Forex indicators : 3 moving averages for all timeframes “ .
I hope this article will help you use all the features of your MT4 deal end to build your own trade system .

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