Adding Indicators to Your Chart

Metrax makes it easy to add technical indicators to your charts. This guide will walk you through the process of adding and configuring indicators like RSI, MACD, and Moving Averages.

Step 1: Open the Indicators Panel

Click the Indicators button in the top toolbar of your chart. This will open the indicators library.

Step 2: Search for an Indicator

Use the search bar to find the indicator you want to add. Popular choices include:

RSI (Relative Strength Index): Measures momentum and overbought/oversold conditions
MACD (Moving Average Convergence Divergence): Trend-following momentum indicator
Moving Averages: Simple (SMA), Exponential (EMA), or Weighted (WMA)

Step 3: Configure Settings

Once you select an indicator, a settings panel will appear. Here you can customize:

Period: The number of candles used in the calculation (default: 14 for RSI, 12/26 for MACD)
Source: Price data used (Close, Open, High, Low, or custom)
Style: Color, thickness, and line type
Overlay: Whether the indicator appears on the main chart or in a separate panel

Example: Adding RSI

Search for “RSI” in the indicators library
Click to add it to your chart
Adjust the period to 14 (standard setting)
Choose Close as the source
Set overbought level to 70 and oversold to 30

Step 4: Save Your Layout

After adding your indicators, click Save Layout to preserve your setup. You can create multiple layouts for different trading strategies.

Tips for Using Indicators

Don’t overcrowd: Stick to 2-3 complementary indicators
Combine momentum and trend: Use RSI (momentum) with Moving Averages (trend)
Adjust for timeframe: Lower periods for short-term trading, higher for long-term

Next Steps

Now that you’ve added indicators, learn how to:

Need help? Contact our support team at support@metrax.app