MT4 Stock Software Meta-Editor Tutorial: Adding Custom Indicators

MT4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 that stock traders can use to add new MetaTrader 4 Custom Trading 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 EAs to place stock trades. In this Best MetaTrader 4 Custom Trading Indicators indices guide we shall look at how to add a custom indicator on MetaTrader 4 platform using the Meta Editor, to learn how to add a new MT4 Expert Advisor Automated Bot you cango to: Adding a new MT4 EA Indices Guide.

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

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

MetaEditor Menu - MetaTrader 4 Command Line MetaEditor Menu

On Meta Trader 4 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 Meta Trader 4 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 Indicator on MT4 Platform

After you have opened the MetaQuotes Language Editor - MT4 Command Line MetaEditor - on your 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 Choose 'New'

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

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

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

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

Developing Custom Stock Indicator on Meta Trader 4

Step4: Specify if the MetaTrader 4 Custom Indicator is to appear on a separate panel or not, Then Click Finish

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

For an Meta Trader 4 custom technical indicator that is a price overlay - do not check this box, & for an oscillator custom MT4 Indicator - for example oscillators indicators such as RSI indicator or Stochastic Oscillator Technical Indicator - check the above option.

Following Program will popup on software Meta Editor WindowPanel

Adding MT4 Custom Indicators in MetaTrader 4

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

Step 4: Compile

Do-not forget to compile, for MT4 custom indicator to be recognized by MT4 software: a indices trader must compile the program - custom trading indicator program, then close and restart MetaTrader 4 software, just like you restart your PC computer - you'll restart MetaTrader 4 platform software so that the newly added custom Meta Trader 4 technical indicator can start appearing & be listed on the MT4 Navigator Panel Window - MetaTrader 4 Custom Trading 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 successfully without any error as shown above.

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

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

How to Add a Downloaded Custom Indicator on MetaTrader 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 software, follow procedure below:

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

Open a Downloaded 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 trading indicator which you have downloaded from an internet source it will be displayed on the MetaEditor Work Space - you then can 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 software navigator menu and you can start to trade with it on your MetaTrader 4 Platform Software.

MT4 Custom Indicators Stock Indices - MT4 Custom Stock Indicators.

More Lessons and Topics:

Trade Stock Indices

MT4 Stock Software Meta-Editor Tutorial: Adding Custom Indicators

How to Add a New Custom Stock Indicator on MT4 Platform

How to Add a Downloaded Custom Indicator on MetaTrader 4 Software