Trader Tip: MT4 EA Part 5 – Indicators This is part 5 in a series of Trader Tips to help you understand MT4 and building Expert Advisors (EAs). To best understand this Trader Tip, it is recommended that you watch the previous Trader Tips in this series to get the additive understanding. Indicators are a key building block to begin to build not only EA strategies but assist manual traders in their trading.
In this installment of this Trader Tip series, we will discuss Indicators and how they are put together. Part of this is understanding the basic software architecture of how an Indicator works on MT4. Other items will be, understanding the basic properties and functions that make it possible to put your computed algorithms displayed graphically on a chart. Once we complete this Trader Tip, in upcoming Trader Tips, we will build an EA around our indicators and then learn how to backtest it.
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