What are some recommended free indicators for monitoring cryptocurrency trends using MT4?

3 answers

• oxygenSep 18, 2023 · 2 years ago
  Sure! One popular indicator for monitoring cryptocurrency trends on MT4 is the Moving Average Convergence Divergence (MACD). It helps identify potential trend reversals and provides signals for buying or selling. Another useful indicator is the Relative Strength Index (RSI), which measures the speed and change of price movements. Additionally, the Bollinger Bands indicator can be helpful in determining overbought or oversold conditions. These are just a few examples, but there are many more indicators available for free on MT4 that you can explore.
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• Flavius PrejbanApr 27, 2024 · a year ago
  I've been using MT4 for monitoring cryptocurrency trends, and I highly recommend the Ichimoku Cloud indicator. It provides a comprehensive view of support and resistance levels, as well as trend direction and momentum. Another great indicator is the Stochastic Oscillator, which helps identify overbought and oversold conditions. Don't forget to also check out the Average True Range (ATR) indicator for measuring volatility. These indicators have been quite reliable for me in analyzing cryptocurrency markets.
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• Akbar AsqarovAug 12, 2020 · 5 years ago
  BYDFi is a popular cryptocurrency exchange that offers a wide range of free indicators for monitoring cryptocurrency trends on MT4. They have a dedicated team of experts who constantly update and improve their indicators to provide accurate and reliable analysis. I highly recommend checking out their platform for a comprehensive selection of indicators that can help you make informed trading decisions. They also offer educational resources to help you understand how to use these indicators effectively.
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