While operating in financial markets, when analyzing an instrument, we may want to rely on a technical indicator, so in this article, we will explain how to set and edit the parameters in an indicator.

To configure a specific indicator, first of all, add this indicator to your chart. To do this, follow these simple steps:

After following the previous steps, a configuration window will appear in our MetaTrader platform, where we can set the desired parameters for this indicator. In our example, we will use the Moving Average indicator.

Note: The parameters established for this Moving Average are only for example purposes and should not be taken as a recommendation.

As we can see in the previous image, in the Moving Average indicator, we can set the following parameters:

In our example, we have established an exponential period equal to 40, with closing data coloured red. Once these parameters have been established, click on “Accept,” and this Moving Average will be shown below in your chart.

If we have established an indicator on our chart but want to modify any of these parameters, follow the next steps:

Once this process is complete, we will have a new Moving Average on our MetaTrader chart.

If you have any questions about this procedure, please contact us.