Indices Trading Add a Custom Indicator to MetaTrader 4
How to Install a Indices Trading Custom Indicator to Your MetaTrader 4 Indices Trading Platform
- Download the MetaTrader 4 custom indicator.
- Locate the Custom indicator and copy this MetaTrader 4 custom indicator file.
- Open the data folder on MetaTrader 4.
- Open MQL4 file on MetaTrader 4.
- Locate the Navigator Window.
- On the navigator window, find the Custom Indicators option.
- Open your Custom indicator by double clicking the indicator.
- The Custom Indicator Properties window will appear.
- The Custom Indicator Will now be added to your MetaTrader 4 platform.
How to install custom indicators on MT4
Indices Trading Add Custom Indicators to Indices Trading MetaTrader 4 Platform?
MT4 Indices Trading Platform MetaEditor Tutorial: Adding Custom Indicators
The MetaEditor language Editor is a programming environment on the MT4 indices trading platform that traders can use to add new Custom Indicators, Scripts, Libraries and Include Files which are used in programming. The MetaTrader 4 platform MetaEditor is commonly used by Indices traders who use Automated Indices Expert Advisors to place trades. This learn MetaTrader 4 tutorial we shall look at how to add a custom indicator on the MetaTrader 4 platform using the MetaEditor, to learn how to add a new Expert Advisor you can navigate to the: Adding a new MetaTrader 4 Indices Trading Expert Advisor MetaTrader 4 Indices Trading Platform Tutorial.
The MT4 online indices trading platform MetaEditor environment is shown below.
Indices Trading Add a Custom Indicator to MetaTrader 4? - Adding Custom Indicators
MetaEditor Menu
How to Install a Indices Trading Custom Indicator to Your MetaTrader 4 Indices Trading Platform
On the MT4 platform, after adding an Indicator a trader will require to compile this newly added item so that it can now be recognized by the MT4 Indices Trading Platform and start to appear on the MetaTrader 4 platform Navigator Window.
Adding a New Custom Indicator on MetaTrader 4
After you have opened the MetaQuotes Language Editor on your MetaTrader 4 platform as shown above (Short Cut Keyboard Key - Press F4), you can then follow the steps below:
Step1: Go To File Menu, Then Select "New"
Indices Trading Add a Custom Indicator? - Adding Custom Indicators on MetaTrader 4
Step2: On the Popup window that appears on your screen select "Custom Indicator" and then click next.
Adding Custom Indicators on the MetaTrader 4 Online Indices Trading Platform
Step3: Choose and Enter a Name as Shown Below and then Click Next
Creating Custom Stock Indices Indicator on MT4
Step4: Specify if it is to appear on a separate window or not, Then Click Finish
Creating Custom MetaTrader 4 Stock Indices Indicator
For an MetaTrader 4 custom indicator that is a stock indices price overlay - do not check this box, and for an oscillator like the RSI or Stochastic Oscillator - check the above option.
The Following Code will appear on the MT4 Indices trade platform MetaEditor Window
Adding Custom Indicator on MetaTrader 4
To program a customized MetaTrader 4 stock indices indicator it requires that you are a programmer who knows the C++ 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
Do not forget to compile, for the MetaTrader 4 Indices Trading custom indicator to be recognized by the MT4 indices trading platform; one must compile the program, then close and restart the MetaTrader 4 platform, just like restarting your computer - you will restart MetaTrader 4 platform so that the newly added custom MetaTrader 4 custom indicator can start appearing and be listed on the MetaTrader 4 Navigator Window.
Compile New Custom Indicator on the MT4 Platform
If there are no Errors, it will be compiled successfully without any error as shown above.
Step5: Restart MT4 online stock indices trading platform and it should now be listed on the MetaTrader 4 Navigation Menu as shown below and you can start trading with the newly added custom indicator.
New MetaTrader 4 Indices Indicator Added to the Indices Trading Platform
How to Add a Downloaded Custom Indicator
If you download an indicator from a source on the internet for example on www.tradestockindices.com, and it is now on your computer - to add it to the MetaTrader 4 platform, follow the steps below:
Step1: On the MetaTrader 4 Indices Trading Platform File Menu of the MetaEditor, Select "Open"
Open a Downloaded Indices Indicator Using MetaEditor
Step2: Locate the Download Folder from the Popup window that appears as shown below.
Indices Trading Add Custom Indicators to Indices Trading MetaTrader 4 Platform?
Step3: Once you open the downloaded custom indicator it will be displayed on the MetaEditor Work Space - you can then follow the above procedure for compiling the downloaded MetaTrader 4 stock indices indicator, once it is compiled without errors, restart your MetaTrader 4 platform and it will now be added on the indices trading platform navigator menu and you can start to trade with it on your MT4 Indices Trading Platform.