Best MetaTrader 4 Chart Custom Technical Indicators Tutorial
The Meta-Editor language Editor is a coding environment on the MT4 that traders can use to add new MT4 Chart Custom Indicators, Scripts, Libraries & Include Files which are used in Meta Trader 4 coding. MT4 platform MetaEditor is commonly used by Traders who use Automated EAs to place trade transactions. In this Best MT4 Chart Custom Technical Indicators tutorial we shall look at how to add a MT4 Chart Custom Indicator on the MetaTrader 4 platform using the MetaEditor, to learn how to add a new MetaTrader 4 EA Automated Robot you can go to the: Adding a new MT4 EA Indices Guide.
The MetaTrader 4 online platform Meta Editor environment is illustrated & shown below.
MT4 Online Platform MetaEditor Environment
MetaEditor Menu
On Meta Trader 4 platform, after adding a Indicator a trader will require to compile this newly added custom indicator item so that it can now be recognized by the MT4 Platform and begin to appear in MetaTrader 4 platform Navigator Window Panel in MT4 Chart Custom Technical Indicators Sub-Menu.
Best MetaTrader 4 Chart Custom Technical Indicators Tutorial
After you have opened the MetaQuotes Language Editor in your MT4 platform as shown above (Short-Cut Key-board Key - Press F4 Key), you then can follow these steps below:
Step1: Go To File Menu, Then Choose "New"
Adding MT4 Chart Custom Technical Indicators in Meta Trader 4 - How to Add MT4 Chart Custom Technical Indicators Indices Guide
Step2: On the Popup panel that appears on your screen select 'MetaTrader 4 Chart Custom Indicator" and then click next
Adding MT4 Chart Custom Technical Indicators in Meta Trader 4 - Add MetaTrader 4 Custom Indicators
Step3: Choose & Enter a Name as Shown Below & then Click Next
Developing Custom Technical Indicator in Meta Trader 4
Step4: Specify if MT4 Chart Custom Indicator is to appear on a separate window or not, Then Click Finish
Developing Custom MT4 Indicator - How to Create MT4 Chart Custom Technical Indicators
For an MetaTrader 4 Chart Custom Indicator that is a stock price overlay - do not check this box, and for an oscillator custom MetaTrader 4 Indicator - for example oscillators such as the Stochastic indicator or MACD indicator - check the above option.
The Following Code will appear in MT4 Meta Editor Panel
Adding MT4 Chart Custom Technical Indicators in Meta Trader 4
To code a customized MetaTrader 4 custom technical indicator it requires that you are a programmer who knows ++2##CC++ Object Oriented Programming Language, which is the coding language that the MT4 MQ4 programming language uses in the coding of the MetaTrader 4 platform. Or you can find the forum of MQL4 Programmers & they can program MetaTrader 4 Chart Custom Indicator for you.
Step 4: Compile
Don't forget to compile, for Meta Trader 4 Chart Custom Indicator to be recognized by the MT4 indices platform: one must compile the program - MetaTrader 4 Chart Custom Indicator program, then close and restart the MetaTrader 4 platform, just like restarting your computer - you will restart MetaTrader 4 platform software so that the newly added indices custom MT4 indicator can start appearing & be listed on the MetaTrader 4 Navigator Window Panel - MetaTrader 4 Chart Custom Technical Indicators Sub Menu.
Compile New Meta Trader 4 Chart Custom Indicator on the MetaTrader 4 Online Software
If there are no Errors, MetaTrader 4 Chart Custom Technical Indicator will be compiled successfully without any error as displayed above.
Step5: Rebegin MetaTrader 4 Indices platform and the new MetaTrader 4 Chart Custom Indicator should now be listed on the MetaTrader 4 Navigation Menu as shown below and you can start trading with new added MetaTrader 4 Chart Custom Indicator.
New MetaTrader 4 Indicator Added to the Platform - MT4 Chart Custom Technical Indicators
How to Add a Downloaded MT4 Chart Custom Indicator in Meta Trader 4
If you download MT4 Chart Custom Indicator from a source on the internet for example on www.tradestockindices.com, and it's now on your PC computer - to add it to the MetaTrader 4 stocks software, follow the procedure below:
Step 1: On File Menu of the MetaEditor, Choose "Open"
Open a Downloaded Indicator Using MetaEditor - Indicators MetaTrader 4 Chart Custom Technical Indicators
Step 2: Locate the Download Folder location from the Popup window that appears as illustrated and shown below.
Step 3: Once you open download MT4 Chart 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 MT4 Chart Custom Indicator, once it's compiled without errors, rebegin your Meta Trader 4 platform and it will now be added on the platform navigator menu and you can start to trade with this MT4 Chart Custom Technical Indicator in your MetaTrader 4 Platform Software.
MT4 Chart Custom Technical Indicators Trading - MT4 Indices Trading Custom Technical Indicators.
