Watermark Indicator
MT4Also Available for MT5The best Watermark indicator for MT4 that helps you claim credentials for your chart analysis.
Description
The Watermark indicator helps technical analysts to claim the authenticity and credibility of their chart analysis or demonstrations of market insights.
When you post your analysis to public and private forums, there is a chance of modifying and sharing by unauthorized people. However, you can easily prevent such misuse of price chart images once you can put a watermark on it. Besides, if you can attach the name to the chart, then it is a plus.
This guide explains how to apply watermarks on price charts using the Watermark indicator in MT4.
How to Use the Watermark Indicator in MT4
After you install and apply the Watermark indicator on your MT4 chart, it automatically puts a default watermark on the chart showing the timeframe and the currency pair code. This text gets unlocked once you double-click on it. Next, right-click on the text and go to “Label Properties” to insert your own words.
It also includes an additional tag at the bottom of the chart showing “Your Name Here.” Go to the tag’s properties and write your name, which will be visible on the chart.
Conclusion
Many price charts with a professional appearance have a watermark. It not only enhances the chart’s aesthetic appeal but can also offer some useful information for traders. The Watermark indicator for MT4 ideally suits technical analysts covering forex and stock markets.
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