What Are The Top 20 Trading Indicators
- Easy install — copy & attach to chart
- Works on MT4 and MT5
- Free updates
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The top 20 trading indicators are divided into four main categories—trend, momentum, volatility, and volume—to help traders measure market conditions and plan entries and exits.
Trend Indicators
- Simple Moving Average (SMA): Shows the average closing price over a set period to define the main direction.
- Exponential Moving Average (EMA): Reacts faster than an SMA by giving more weight to recent prices.
- Moving Average Convergence Divergence (MACD): Compares two EMAs to track momentum shifts and trend changes.
- Average Directional Index (ADX): Measures the overall strength of a trend on a 0 to 100 scale.
- Ichimoku Cloud: Defines support, resistance, and trend direction using multiple lines.
- Parabolic SAR: Places dots above or below price action to spot potential reversals and set trailing stops.
- Aroon Indicator: Uses Aroon-Up and Aroon-Down lines to see if a price is trending or ranging.
- Supertrend: Combines price and volatility into a single line on the chart to signal buy or sell directions.
Momentum Indicators
Get the robot and indicator used in this guide — free download for MT4 / MT5.
- Relative Strength Index (RSI): Measures the speed of price changes from 0 to 100 to find overbought or oversold levels.
- Stochastic Oscillator: Compares a closing price to its price range over a specific time frame.
- Commodity Channel Index (CCI): Identifies cyclical turns and extreme high or low price readings.
- Williams %R: A fast momentum oscillator that highlights potential market turning points.
- Rate of Change (ROC): Calculates the absolute percentage change between the current price and past prices.
Volatility Indicators
- Bollinger Bands: Uses a middle moving average with outer standard deviation bands that expand and contract based on volatility.
- Average True Range (ATR): Measures typical price movement range to help place stop-loss orders.
- Keltner Channels: Volatility-based bands placed around an EMA using ATR calculations.
- Standard Deviation: Directly calculates how widely prices vary from their average value.
Volume & Support/Resistance Indicators
- Volume Weighted Average Price (VWAP): Shows the average price an asset traded at throughout the session, weighted by volume.
- On-Balance Volume (OBV): Uses rising and falling volume flow to confirm price trends or spot divergences.
- Accumulation/Distribution Line: Evaluates cumulative money flow to measure underlying buying and selling pressure.
How to Install on MetaTrader
- Download the file and extract it.
- In MetaTrader open File → Open Data Folder → MQL4/MQL5.
- Copy robots to "Experts" and indicators to "Indicators".
- Restart MetaTrader and drag the tool onto a chart.
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