Indices Add a Custom Indicator to MetaTrader 4

How to Setup a Indices Custom Indicator to Your MetaTrader 4 Software

1. Download the MT4 custom indicator.
2. Locate the Custom technical indicator & copy this MT4 custom indicator file.
3. Open the data folder on MetaTrader 4.
4. Open MQL4 file on MT4.
5. Locate the Navigator Window.
6. On the navigator panel, find the Custom Indicators option.
7. Open your Custom indicator by double-clicking the indicator.
8. The Custom Technical Indicator Properties window will appear.
9. The Custom Technical Indicator Will now be added to your MT4 software.

How to install custom indicators in MetaTrader 4

Indices Add Custom Technical Indicators to Indices MetaTrader 4 Software

MT4 Stock Platform Meta Editor Guide: Adding Custom Technical Indicators

The Meta-Editor language Editor is a programming environment on the MT4 trading software which traders can use to add new Custom Technical Indicators, Scripts, Libraries & Include Files which are used in coding. MT4 platform MetaEditor is commonly used by traders who use Automated Expert Advisors to place trades. This learn MT4 guide we shall look at how to add a custom indicator in MT4 platform using the MetaEditor, to learn how to add a new Automated Expert Advisor you can go to the: Adding a new MT4 EA MetaTrader 4 Software Guide.

The MetaTrader 4 online trading platform Meta Editor environment is illustrated and shown below.

Indices Add a Custom Indicator to MetaTrader 4? - Adding Custom Indicators

Meta-Editor Menu

How to Setup a Indices Custom Indicator to Your MetaTrader 4 Software

On MetaTrader 4 software, after adding an Indicator a trader will require to compile this new added item so that it can now be recognized by the MT4 Platform and start to appear on MT4 software Navigator Window Panel.

Adding a New Custom Indicator in MT4 Software

After you have opened the MetaQuotes Language Editor in your MT4 software as illustrated above (Short-Cut Key-board Key - Press F4 Key), you can then follow the steps below:

Step1: Go To File Menu, Then Select "New"

Indices Add a Custom Indicator? - Adding Custom Indicators in MetaTrader 4

Step2: On the Popup panel that appears on your screen choose "Custom Technical Indicator" and then click next.

Adding Custom Indicators on the MetaTrader 4 Online Indices Software

Step3: Select and Enter a Name as Shown Below & then Click Next

Creating Custom Indicator in MT4

Step4: Specify if it is to appear on a separate panel or not, Then Click on Finish

Creating Custom MT4 Indicator

For an MetaTrader 4 custom indicator that's a stock price overlay - don't check this box, and for an oscillator like the RSI or Stochastic Oscillator - check the above option.

The Following Code will appear on MT4 trade platform MetaEditor Window

Adding Custom Indicator in MT4

To program a customized MT4 indicator it requires that you are a coder who knows C plus plus Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MetaTrader 4 software. Or you can find the community of MQL4 Programmers and they can program the custom indicator for you.

Step4: Compile

Don't forget to compile, for MT4 custom indicator to be recognized by the MT4 trading software: one must compile the program, then close & restart MetaTrader 4 stock software, just like you restart your PC computer - you'll re-start MetaTrader 4 platform so that the new added custom MetaTrader 4 custom technical indicator can begin appearing and be listed on the MetaTrader 4 Navigator Window.

Compile New Custom Technical Indicator in MT4 Software

If there are no Errors, it will be compiled successfully without having any error as pictured above.

Step5: Restart MetaTrader 4 online trading software and it should now be listed on MT4 Navigation Menu as illustrated and shown below & you as a trader can use start trading with newly added custom indicator.

New MetaTrader 4 Indicator Added to the Indices Software

How to Add a Downloaded Custom Indicator on Stock Software

If you download an indicator from a source on the internet for examples on www.tradestockindices.com, & it is now on your PC computer - to add it to the MetaTrader 4 stock software, follow the procedure below:

Step1: On MT4 Platform File Menu of the Meta Editor, Select "Open"

Open Downloaded Indicator Using Meta-Editor

Step2: Locate the Download Folder location from the Popup window that pops up as illustrated and shown below.

Indices Add Custom Technical Indicators to Indices MetaTrader 4 Software?

Step3: Once you open the downloaded custom technical indicator it will be displayed on Meta-Editor Workspace - you can then follow the above procedure for compiling downloaded MT4 indicator, once it's compiled without errors, restart your MetaTrader 4 software & it will now be added on the platform navigator menu & you can start to trade with it on your MT4 Stock Software.