Top 10 indicators for MetaTrader 4:
Many traders use technical indicators to forecast where the market may be going. In MetaTrader, you can select up to 30 different technical indicators to appear in the chart. Trading indicators are the best tools for technical traders to predict price movements and trends. Whether you’re trading forex, commodities, or stocks, it can be helpful to use technical analysis as part of your strategy. Top 10 Indicators for MetaTrader 4.

Most popular standard indicators for MetaTrader 4 :
Simple Moving Average (SMA)
SMA is the most common MA indicator, which helps to identify the direction of a trend, without the interference of shorter-term price spikes. The most common way to interpret the price moving average is to compare its dynamics to the price action. When the instrument price rises above its moving average, a buy signal appears, if the price falls below its moving average, what we have is a sell signal. The most popular simple moving averages include the 10, 20, 50, 100, and 200.
Simple moving averages (50 and 100) on daily chart example:

Exponential moving average indicator (EMA)
EMA is very similar to SMA, the difference is the way indicators calculate averages. The EMA calculations are based on higher weighting to recent price moves compared to the SMA, making data more responsive to new information. The most popular exponential moving averages for the short-term trend are 12- and 26-day EMAs, for long-term trends the 50- and 200-day EMAs are most common.
Exponential moving averages (50 and 200) on daily chart example:

Stochastic oscillator
A stochastic oscillator is an indicator that compares a specific closing price of an asset to a range of its prices over time – showing momentum and trend strength. The Stochastic Oscillator displays two lines. The mainline is called K. The second line, called D, is a Moving Average of K. The K line is usually displayed as a solid line and the D line is usually displayed as a dotted line. It uses a scale of 0 to 100. The best settings for stochastic oscillators are 14,3,3 and the higher the time frame, the better, but usually, a 4h or a Daily chart is the optimum for day traders and swing traders.
Stochastic oscillator (14,3,3) on 4h chart example:

Moving average convergence divergence (MACD)
MACD is an indicator that detects changes in momentum by comparing two price moving averages. It can help traders identify buy and sell opportunities at support and resistance levels. In order to clearly show buy/sell opportunities, a so-called signal line (9-period indicators` moving average) is plotted on the MACD chart. The MACD proves most effective in wide-swinging trading markets. The standard setting for MACD is the difference between the 12- and 26-period EMAs.
Moving average convergence divergence (12,26,9) on 4h chart example:

Bollinger bands
The Bollinger band is a price range indicator that shows where an asset’s price is trading. The standard deviation is a measure of how volatile it is. As a result, Bollinger Bands adapt to market conditions. The bands expand as the markets become more volatile, and they compress as the markets become less volatile. Indicator can help you see when an asset is trading outside of its normal range. Bollinger bands are a tool for predicting long-term price changes.
Bollinger bands on daily chart example:

Most useful of Top 10 indicators for MetaTrader 4 :
Relative strength index indicator (RSI)
The relative strength index indicator is primarily used to assist traders in determining momentum, market conditions, and warning signs for potentially dangerous price moves. The RSI is a price-following oscillator with a range of 0 to 100. Overbought is defined as a level above 70, while oversold is defined as a position below 30. The 14-day RSI is suggested, but 9-day and 25-day settings are also popular.
Relative strength index (14-day) on 4h chart example:

Fibonacci retracement
Fibonacci retracement is an indicator that can pinpoint the degree to which a market will move against its current trend. After a significant rise or decline, prices often return to their previous levels correcting an essential part of their initial movement. Prices often face support/resistance at the levels 23.6, 38.2, 50, 61.8 of Fibonacci Retracements or near them in the course of such a reciprocal movement.
Fibonacci retracement on 4h chart example:

Favorites of Top 10 indicators for MetaTrader 4 :
Ichimoku cloud
Ichimoku Cloud technical indicator identifies market trend and support and resistance levels. Estimates price momentum and provides traders with signals to with their decision-making. Ichimoku cloud works best at weekly and daily charts. The default settings of 9-26-52 can be adjusted to suit a 5-day workweek at 8-22-44. Other popular settings include 9-30-60, or 12-24-120 for trending markets.
Ichimoku cloud on daily chart example:

Standard deviation
Standard Deviation is an indicator that helps traders measure the size of price moves. Many traders believe that big price moves follow small price moves, and small price moves follow big price moves. Standard deviation describes the range of price fluctuations relative to a simple moving average, compares current price movements to historical price movements.
Standard deviation on daily chart example:

Average directional index (ADX):
Average Directional Index (ADX) technical indicator helps to determine if there is a price trend. It works on a scale of 0 to 100, where a reading of more than 25 is considered a strong trend, and a number below 25 is considered adrift. ADX is based on a moving average of the price range over 14 days, depending on the frequency that traders prefer. ADX never shows how a price trend might develop, it simply indicates the strength of the trend.
Average directional index on 4h chart example:
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