MT4 Stock Indices Software Meta-Editor Tutorial: Adding Custom Indicators

MT4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 that stock indices traders can use to add new MetaTrader 4 Custom Indicators, Scripts, Libraries and Include Files which are used in MetaTrader 4 programming - MT4 Command Line Programming Editor. MetaTrader 4 platform MetaEditor or MT4 Command Line MetaEditor is commonly used by Traders who use Automated Indices EAs to place stock trades. In this Best MetaTrader 4 Custom Indicators indices trading guide we shall look at how to add a custom indicator on MetaTrader 4 platform using the MetaEditor, to learn how to add a new MetaTrader 4 EA Automated Indices Robot you can go to the: Adding a new MT4 EA Indices Guide.

The MT4 online indices trading platform MetaEditor environment is illustrated and shown below.

Meta Trader 4 Online Indices Trading Platform MetaEditor Environment - MT4 Command Line

MetaEditor Menu - MT4 Command Line Meta Editor Menu

On Meta Trader 4 platform, after adding a Indices Indicator a trader will require to compile this newly added stock indices custom indicator item so that it can now be recognized by the Meta Trader 4 Trading Software & begin to appear on MetaTrader 4 platform Navigator Window in the MetaTrader 4 Custom Indicators Sub Menu.

How to Add a New Custom Stock Indices Indicator on Meta Trader 4 Software

After you have opened the MetaQuotes Language Editor - MT4 Command Line MetaEditor - on your indices trading platform as displayed above (Short-Cut Key-board Key - Press F4 Key), you can then follow the steps below:

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

Adding Custom Indicators on Meta Trader 4 - How to Add MetaTrader 4 Custom Indicators Stock Indices - Stock Indices MetaTrader 4 Command Line

Step2: On the Pop-up window that appears on your screen choose 'Custom Technical Indicator' and then click next

Adding Custom Indicators on Meta Trader 4 - Add MetaTrader 4 Custom Indices Indicators

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

Creating Custom Stock Indices Indicator on Meta Trader 4

Step4: Specify if the MT4 Custom Indicator is to appear on a separate panel or not, Then Click Finish

Creating Custom MT4 Indicator - How to Create Stock Indices MetaTrader 4 Custom Indicators

For an Meta Trader 4 custom technical indicator that's a price overlay - don't check this box, and for an oscillator custom MT4 Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

Following Program will pop up on indices software Meta-Editor Window Panel

Adding Stock Indices MT4 Custom Indicators in Meta Trader 4

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

Step4: Compile

Do not forget to compile, for MT4 Indices custom technical indicator to be recognized by the MT4 platform: a trader must compile the program - custom technical indicator program, then close and restart MetaTrader 4 trading software, just like you restart your PC computer - you'll restart MetaTrader 4 platform so that the newly added indices custom Meta Trader 4 technical indicator can start appearing & be listed on the MT4 Navigator Window - MetaTrader 4 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MetaTrader 4 Online Indices Software

If there are no Errors, the stock indices MetaTrader 4 custom indicator will be compiled successfully without any error as illustrated above.

Step5: Restart Meta Trader 4 Indices online software & new MetaTrader 4 custom indicator should now be listed on the Meta Trader 4 Navigation Menu as shown below and you can start trading with newly added MetaTrader 4 custom indicator.

New MT4 Custom Indicator Added to the Indices Platform - Meta Trader 4 Custom Technical Indicators

How to Add a Downloaded Custom Indices Indicator on Meta Trader 4 Software

If you download MT4 custom indicator from a source on the inter-net for examples on www.tradestockindices.com, and it is now on your PC Desktop computer - to add it to the MetaTrader 4 trading software, follow procedure below:

Step 1: On File Menu of the Meta-Editor, Select 'Open'

Open a Downloaded Indices Indicator Using Meta-Editor - Indicators Meta Trader 4 Custom Indicators

Step 2: Locate the Download Folder location from the Pop up panel that appears as illustrated and shown below.

Step 3: Once you open the download MT4 custom indicator that you have downloaded from an internet source it will be displayed on the MetaEditor Work Space - you can then follow the above procedure for compiling the download MetaTrader 4 custom indicator, once it is compiled without errors, restart your Meta Trader 4 software & it will now be added on the indices software navigator menu and you can start to trade with it on your MT4 Indices Software.

MT4 Custom Indicators Stock Indices - MT4 Stock Indices Custom Stock Indices Indicators.