In this article, I will show you how to put two or more Forex indicators on top of each other in the sub-window of the MetaTrader4 or MetaTrader5 trading terminal. It's a very useful, comfortable, and quite interesting combination of two indicators in one sub-window. Each indicator's data is adapted to the data of the other indicator.
In the applied price field, you need an indicator that has the "previous indicator's data" option. Most indicators on MetaTrader 4 have this option. If this is your first time seeing this, it can be a new way to create something special in your experience with forex. These indicator combinations can, in my opinion, be useful tools for scalping in shorter time frames. Use your imagination to create a profitable Forex strategy today.
How do I apply indicators?
For experimental purposes, try to drag the RSI indicator on the chart and then attach the Bollinger Bands indicator on top of that. Just set the previous indicator's data in the "applied price field" and press OK (like in the example below). If you want to attach more indicators, do the same process on the same sub-window.
Once the job is done, you will see the combination like this: Try to do it with other indicators and try to set various settings, and you will see how interesting it can be.
As you can see, that's not difficult at all. Like the other things in MetaTrader, it's the reason why a lot of people like this terminal, and it's one of the most popular Forex terminals for its own functionality and simplicity.