MT4 Stock Software Meta-Editor Tutorial: Adding Custom Indicators

MetaTrader 4 Command Line - The MetaEditor language Editor is a coding environment on the MT4 that stock traders can use to add new MT4 Custom Trading Technical Indicators, Scripts, Libraries and Include Files which are used in MetaTrader 4 programming - MetaTrader 4 Command Line Programming/Coding Editor. MT4 software Meta-Editor or MetaTrader 4 Command Line Meta-Editor is commonly used by Traders who use Automated EAs to place stock trades. In this Best MT4 Custom Trading Indicators indices tutorial we shall explore and look at how to add a custom indicator in MT4 software using the Meta Editor, to learn how to add a new MT4 Expert Advisor Automated Bot you cango to: Adding a new MetaTrader 4 EA Indices Guide.

The MT4 online platform Meta Editor environment is illustrated and shown below.

Meta Trader 4 Online Platform Meta-Editor Environment - MetaTrader 4 Command Line

MetaEditor Menu - MT4 Command Line MetaEditor Menu

In the MT4 platform, after adding a Technical Indicator a stock index trader will require to compile this newly added custom indicator item so that it can now be recognized by the MT4 Software & begin to appear in MT4 software Navigator Window in the MetaTrader 4 Custom Indicators Sub Menu.

How to Place a New Custom Stock Indicator on MetaTrader 4 Software Platform

After you've opened the MetaQuotes Language Editor - MetaTrader 4 Command Line MetaEditor - on your platform like as displayed above (Short-cut Key-board Key - Press F4 Key), you as a trader can then follow the steps outlined below:

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

Adding Custom Trading Indicators in MetaTrader 4 Platform - How to Add MetaTrader 4 Custom Indicators Indices - Stock MetaTrader 4 Command Line

Step2: On the Pop-up window that appears on your screen select 'Custom Indicator' & then click next

Adding Custom Indicators on MT4 Platform Software - Add MetaTrader 4 Custom Indicators

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

Developing Custom Stock Indicator on Meta Trader 4

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

Developing Custom MetaTrader 4 Indicator - How to Develop Stock MT4 Custom Indicators

For an MT4 custom technical indicator that is a price overlay - don't check this box, and for an oscillator custom MetaTrader 4 Indicator - for example oscillators indicators like RSI or Stochastic Oscillator - check the above option.

Following Program will popup on software Meta Editor WindowPanel

Adding MT4 Custom Indicators on the MT4 Software

To program a customized MT4 custom trading technical indicator it requires that you're a programmer who knows C plus plus Object Oriented Programming/Coding Language, which is the coding language that the MQ4 programming language uses in the coding of the MetaTrader 4 software. Or you as a trader can find the forum of MQ4 Programmers and they can program the MT4 Custom Trading Indicator for you.

Step 4: Compile

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

Compile New Custom Indicator on the MetaTrader 4 Online Platform

If there are no Errors, the MetaTrader 4 custom indicator will be compiled & added successfully without any compilation error like shown above.

Step5: Restart MT4 online software & new MT4 custom indicator should now be listed on the MetaTrader 4 Navigation Menu like illustrated below & you as a trader can begin trading with newly added MT4 custom indicator.

New MT4 Custom Indicator Added to the Platform - MetaTrader 4 Custom Indicators

How to Add a Downloaded Custom Indicator on MetaTrader 4 Software Platform

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

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

Open a Downloaded Indicator Using Meta-Editor - Indicators MT4 Custom Indicators

Step 2: Locate the Download Folder location from the Pop up panel which appears like is illustrated and shown below.

Step 3: Once you as a trader open the download MT4 custom indicator which you have downloaded from an internet source it will be shown and displayed on the Meta-Editor WorkSpace - you then can follow & adhere to the above method for compiling the download MT4 custom indicator, once it is compiled without errors, restart your MT4 software & it will now be added on the software navigator menu & you as a trader can start & begin to trade with it in your MT4 Software Platform.

MT4 Custom Indicators Stock Indices - MetaTrader 4 Custom Stock Indicators.

More Lessons and Tutorials and Topics:

Trade Stock Indices

MT4 Stock Software Meta-Editor Tutorial: Adding Custom Indicators

How to Place a New Custom Stock Indicator on MetaTrader 4 Software Platform

How to Add a Downloaded Custom Indicator on MetaTrader 4 Software Platform