In this manual, you will find installation and usage instructions for MT4 Supreme Edition. Installation process and usage is the same in new MT5 Supreme Edition. Simply apply the instructions described in your MetaTrader 5 Supreme Edition accordingly.
Indicators are auxiliary tools that complement MetaTrader 4 trading software. They usually analyse the chart via an individual mathematical formula and draw conclusions from the chart history about potential chart movements.
Indicators provide trading signals to help you analyse charts, recognise trends and opposing or supportive movements.
Download MT4 Supreme Edition and make sure MetaTrader 4 is closed during the installation process.
Open the .zip file once the download is finished and double-click the Admiral-MT4-Apps.exe file inside the .zip archive to execute it. This should initiate the installation assistant.
If you have multiple instances of the software installed on your system, use the Find MetaTrader button to find the correct version.
Click the Install button and follow the steps on the screen until the installation has completed successfully.
At this time, the MT4 Supreme extensions are only compatible with Windows, although some indicators work with Mac OS as well. You can find installation instructions for indicators under Mac OS X in Chapter 1.1.
After installation, you can find the indicators in the navigator window of your MetaTrader software interface.
To place one of them in the chart:
As mentioned before, some of the Admiral Markets indicators can be used under Mac OS X including Candle Countdown, High-Low, Local Time, Order History, Pivot and Spread.
To receive the installer files for Mac, please contact our customer service.
Correctly close the MetaTrader 4 software before the installation. To properly close the software:
To install the extension:
If you have successfully installed the indicators, you will now find them in the navigator window.
As soon as the indicator is enabled, the time until the next candle begins is displayed.
Usually, this number appears in the bottom-right corner of the chart window. However, you can customise where it appears in the settings window when applying the indicator to the chart.
The individual settings of the Candle Countdown indicator are:
You can also set the timer to be located right next to the candle. To do this, set the option to In line with price. Note that automatic chart scrolling needs to be activated for this to work.
Additionally, you can set alarms for new candles in the line Alert.
The Admiral Chart Group indicator is a useful tool to connect multiple charts. For example, you can look at the same instrument multiple times, with different time-frames for each chart and change the symbol of all charts with only one click.
The main advantage of the Chart Group indicator is the ability to change all the chart windows by simply changing the symbol in one of them. The indicator automatically applies the customisation to all attached charts.
To use the indicator properly, you have to apply it to all chart windows you wish to connect. After this, a text box appears in the bottom-right corner of every affected chart.
You can manually set a name to create a chart group that connects all charts with that same name in the text box. This option is not case-sensitive.
The Admiral Freehand Drawing indicator is a tool that allows freehand drawing in the chart.
Apply the indicator to the chart and then hold D to draw with your mouse.
Standardly the drawing colour is red, but you can also customise the colour by pressing different keys, press:
To return to the standard red, simply press R.
You can also delete your last drawn object by pressing X.
Additionally, you can customise the keybindings and colours in the settings screen of the indicator.
The Admiral High-Low indicator shows the highest and lowest price value within the chosen time-frame.
It works with all standard time windows like minutes, hours or days.
Standard setting for the indicator are daily high and low points.
You can customise the colours of the respective horizontal lines to your liking in the settings screen.
The Admiral Local Time indicator offers the option to display your local time in addition to the server time at the bottom of the chart.
The display colour can be customised.
The Admiral Order History indicator inserts a well-arranged representation of your past trades into the chart.
Profitable trades are displayed as green lines, loss-trades as red ones.
Hovering the mouse over any of the lines will display detailed information about the trade, such as win/loss, opening and closing price, S/L and T/P.
This example shows €33.90 profit for this trade
The blue and gray bars in the chart offer additional reference over past trades in all trade symbols.
The blue bar refers to trades in the same symbol - the gray one to trades in all other symbols.
The pivot points show different resistance and support lines in the chart, while the PP-line is the most important support and resistance line.
R1, R2 and R3 represent increments of the resistance with decreasing significance. On the other hand, S1, S2 and S3 represent increments of the support.
The Renko indicator is used for technical chart analysis.
It displays an alternate form of the chart and only draws new candles when actual price movements occur. This way, minor price movements that don’t actually influence the trend are ignored and do not obscure the overall picture.
Create offline chart period – sets up your desired amount of blocks that doesn’t match one of the standard time-frames in MT4, such as 10 for 10 pips Renko blocks.
To open offline chart:
The offline chart should open. In this example, offline chart would be M10.
The opened offline chart contains candles with unified size according to the amount of pips you chose. Movement disturbances are filtered out and ignored. Trend movements, resistances and supports are made more clear.
The Spread Indicator is a tool to measure and document the spread of an instrument. Once applied to a chart, it displays the spread until it is terminated. The displayed information provides:
The offline chart should open. In this example, offline chart would be M10.
The Day Session indicator can hide candles generated during night trading times. This allows you to continue working with your old settings and indicators as usual.
Additionally, you can create your own time windows for sessions, such as DAX30 Xetra from 09:00 to 17:30 CET.
By default, the indicator is set to display the regular DAX30 session from 08:00 to 22:00 CET.
The Admiral Chart-in-Chart indicator allows you to display a second chart directly inside a main charts indicator windows. This allows you to view two instruments at the same time. For example, to observe possible correlations.
The additional chart is being displayed inside the main chart.
It is possible to add indicators to the second chart. You can activate and configure these via the indicator settings for the Chart-in-Chart indicator.
Note that you can not trade the second instrument displayed on the Chart-in-Chart indicator this way, only the instrument displayed in the main chart. The Chart-in-Chart indicator does not represent a fully functional chart.
The Admiral Magnifier allows you to zoom in on a section of the chart to view the next smaller time setting.
You can adjust the size of the indicator to your liking to increase or decrease the size of the area that is meant to be magnified. Simply click on one of the edges of the indicator and drag to resize as desired.
You are also able to adjust the degree of magnification, for example to always display M1 through the magnifier, even when using a M30 chart.
The Mini Chart indicator allows you to display a freely customisable chart inside the main chart. Instrument and time frame are entirely independent from the main chart and the mini chart can be used with multiple indicators.
Second charts (S5, S15, etc.) - like regular minute charts in MT4, these draw candles with an interval of a set amount of seconds. The S5 chart draws a new candle every five seconds. Note that there is no historical data for second charts, so this type of chart is being build up, as soon as the indicator is attached.
Range charts - new candles are only being drawn when the price moves in either direction by a set number of pips. Stacking range charts work by the same principle, but in this case candles pointing in the same direction are being combined into one candle.
Renko charts - this type of chart works the same way as range charts. In order to draw a block in the opposite direction of the trend, there has to be an opposing movement of at least 2 blocks.
Kagi charts - this chart changes direction when the price reaches a reversal that sur-passes the former high/low point.
Point & Figure charts - similarly to range charts but when the movement in the same direction is being stacked. A reversal happens only when an opposing movement lasts for a set amount of blocks. The standard setting for this is 3 blocks, but it can be changed under the reversal factor for range and P&F setting.
The Admiral Symbol Info indicator allows you to view a specific set of real-time updated information in an additional window. It portrays the percentage difference between the opening course of the chosen time frame, the daily high and a multitude of trend indicators while being fully customisable.
An arrow allows you to see at first glance whether the price moved up or down from the opening price. Additionally, you can always directly see the difference in pips.
On the right side is a bar that shows the current price position in relation to the entire range of this day.
The Admiral Gravity indicator displays resistance and support zones based on up to 10000 historical M5 candles. The highs and lows reached in this history form those zones, while current data is considered more significant than older values.
Darker colours signalise stronger support or resistance zones, zones the price is likely to bounce off of. A breach of a dark blue zone can be evaluated as a continuation signal. Brighter zones have no relevance.
You can move the area of reference for calculating the zones, by drawing a vertical line anywhere inside the chart and naming it GStart.
You can then move this line to set the last point in time to be taken into account when calculating the zones.
The Admiral Keltner indicator forms a Keltner channel in the chart. The way it functions, buy and sell signals are similar to the Bollinger bands. However, the bands in this channel are calculated based on the ATR indicator.
As a result, this channel is less prone to calculation errors than Bollinger Bands.
Crossing the upper band or the moving average can be seen as a respective continuation signal. The middle line, also the moving average, is a popular candidate for a stop loss line.
Feel free to visit our Youtube channel for recordings of our webinars about day trading, the Supreme extensions and general handling of the MetaTrader 4 software.
Please note that these add-ons are provided free of charge by an external, technical service provider, based on the Expert Advisor technology in the MT4 & MT5. As with all expert advisors (EA) plugins, these are only active when your MetaTrader has established connection to the internet and our servers. Although EA`s have been thoroughly tested and their technical reliability should be sufficient, malfunction can never be fully ruled out. Make sure you fully understand the functionality of all add-ins and extensions, e.g. by practicing their use extensively on a demo account. You should acknowledge before using EA`s that Admiral Markets is not liable for loss or other damage caused by your use of the EA`s.