Software developer MetaQuotes adds technical indicators to MT4 web trading platform

Software developer MetaQuotes adds technical indicators to MT4 web trading platform

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Trading software developer MetaQuotes Software said on Tuesday it has launched an update to the web-based version of its MetaTrader 4 (MT4) trading platform, which features 30 indicators for technical analysis. The indicators are already built into the desktop platform, but now users of the web version can also make use of them.

A full list of the technical analysis indicators added to the MT4 web platform follow:

  • Accelerator Oscillator
  • Accumulation/Distribution
  • Alligator
  • Average Directional Movement Index
  • Average True Range
  • Awesome Oscillator
  • Bears Power
  • Bollinger Bands
  • Bulls Power
  • Commodity Channel Index
  • DeMarker
  • Envelopes
  • Force Index
  • Fractals
  • Gator Oscillator
  • Ichimoku Kinko Hyo
  • MACD
  • Market Facilitation Index
  • Momentum
  • Money Flow Index
  • Moving Average
  • Moving Average of Oscillator
  • On Balance Volume
  • Parabolic SAR
  • Relative Strength Index
  • Relative Vigor Index
  • Standard Deviation
  • Stochastic Oscillator
  • Volumes
  • Williams’ Percent Range

The technical indicators can be used for the forecasting of price changes. They can be divided into two groups – trend indicators, which help assess price directions and detect turn moments, and oscillators, which allow to find the turning moments ahead or synchronously.

MetaQuotes also said the MT4 web platform is now available to 38 languages, after 14 new languages were added with the update. The software developer intends to expand the language base in the near future as well.

Earlier this month MetaQuotes announced the addition of some of the technical analysis indicators, those that are included in the Bill Williams tools set, to the MT4 web platform.

MT4 is the world’s most widely-used forex trading platform. It allows trading in forex, contracts for difference (CFDs), and futures. Traders can download ready-made or create their own trading robots (Expert Advisors, or EAs), scripts and custom indicators in the MQL programming language. With its outstanding charting package, auto-trading capabilities and signal copying, the platform is user-friendly and even novice traders can easily find their way around it.

MetaQuoted launched the web-based platform in September last year. In addition, there are desktop and mobile application, as well. The web platform doesn’t need the install or download of any additional software, since it is accessed directly from any browser.

Within the first month of its launch, MetaQuoted received requests for it from more than 100 companies. It has been adopted by a number of forex brokers, including Exness, Admiral Markets, Alpari, One Financial Markets, FX Choice, XM, and etc.

Source: MetaQuotes

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