How to Add an Indicator
Open Navigator (Ctrl+N)
Expand the "Indicators" folder. You'll see categories: Trend, Oscillators, Volumes, Bill Williams, and Custom.
Drag the indicator onto your chart
Or double-click it. The indicator settings dialog opens where you configure period, method, price, and visual style (color, line width).
Configure settings and click OK
The indicator appears on the chart. Overlay indicators (like moving averages) display on the price chart. Oscillators (RSI, MACD) open in a separate sub-window below the chart.
To edit a placed indicator, double-click on its line on the chart, or right-click the chart → "Indicators List" → select the indicator → "Edit." To remove it: Indicators List → select → "Delete."
Recommended Indicator Settings
- Short-term: EMA 20, Applied to: Close
- Medium-term: SMA/EMA 50, Applied to: Close
- Long-term: SMA 200, Applied to: Close
- Line style: different color for each (e.g., blue/orange/red)
- Period: 14
- Overbought: 70 | Oversold: 30
- Applied to: Close price
- Add horizontal levels at 50, 70, 30
- Fast EMA: 12 | Slow EMA: 26 | Signal: 9
- Applied to: Close price
- Standard settings work well for most timeframes
- Period: 20 | Deviations: 2.0
- Applied to: Close price
- Price touching outer band = potential reversal or continuation signal
Using too many indicators on one chart creates "analysis paralysis." Start with just 1-2 indicators that complement each other (e.g., a trend indicator like MA + a momentum oscillator like RSI). More indicators = more conflicting signals, not more clarity.