MT4 Stock Software Meta-Editor Tutorial: Adding Custom Indicators

MetaTrader 4 Command Line - The MetaEditor is a coding tool in MT4. Traders use it to add custom indicators, scripts, libraries, and include files for MT4 programming. It's the MT4 command line editor for coding. Traders who run automated EAs to place stock trades often use the MT4 Meta-Editor. In this guide on top MT4 custom indicators for indices, we cover adding a custom indicator via the Meta Editor. To learn about adding a new MT4 Expert Advisor bot, see the guide on adding a new MT4 EA for indices.

The MT4 online platform Meta Editor environment is shown below.

MetaTrader 4 Meta-Editor and Command Line Basics

MetaEditor Menu - MT4 Command Line MetaEditor Menu

After a stock index trader incorporates a Technical Indicator onto the MT4 platform, the required next step is to compile this newly incorporated custom indicator file. This compilation process allows the MT4 Software to recognize the indicator, causing it to then appear within the MT4 Software's Navigator Window, specifically under the Custom Indicators submenu of MetaTrader 4.

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

After you have started the MetaQuotes Language Editor, also known as the MetaTrader 4 Command Line MetaEditor, on your platform as shown above (use the F4 key as a shortcut), then you can proceed with the steps explained 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

Step 2: In the pop-up, choose 'Custom Indicator' and hit next.

Installing Custom Indicators in MT4 - Adding to the Platform

Step 3: Pick a Name as Shown Here, Then Hit Next

Developing Custom Stock Indicator on Meta Trader 4

Step4: Determine whether the MT4 Custom Indicator should render in its own dedicated panel or not, followed by clicking Finish.

Crafting Proprietary MetaTrader 4 Indicators - The Process for Creating Custom Stock MT4 Indicators

For a custom technical indicator in MT4 that serves as a price overlay, do not select this box. Conversely, for an oscillator custom MetaTrader 4 indicator, such as the RSI or Stochastic Oscillator, ensure to check the option above.

Following Program will popup on software Meta Editor WindowPanel

Adding MT4 Custom Indicators on 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 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 MetaTrader 4 Online Platform

If there are no Problems, the MetaTrader 4 custom tool will be put together and added with no problem as displayed in the image above.

Step 5: After restarting the MT4 software, the new MT4 indicator should appear in the MetaTrader 4 Navigation Menu, as shown below: you can now start trading with the newly added MT4 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:

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

How to Access a Downloaded Indicator within Meta-Editor for MT4 Custom Indicators

Step 2: Pinpoint the designated location of your Download Folder within the pop-up control window that manifests, analogous to the illustration and visual reference 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 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