MT5 Indices Trading Platform MetaEditor Tutorial: Adding Custom Indicators

MT5 Command Line - The MetaEditor language Editor is a programming environment on the MT5 that stock indices traders can use to add new MetaTrader 5 Custom Indicators, Scripts, Libraries and Include Files which are used in MetaTrader 5 programming - MT5 Command Line Programming Editor. The MetaTrader 5 Indices Trading Platform MetaEditor or MT5 Command Line MetaEditor is commonly used by Indices Traders who use Automated Indices Expert Advisors to place stock indices trades. In this Best MetaTrader 5 Custom Indicators indices trading tutorial we shall look at how to add a custom indicator on the MetaTrader 5 platform using the MetaEditor, to learn how to add a new MetaTrader 5 Automated Indices Expert Advisor Automated Indices Trading Robot you can navigate to the: Adding a new MetaTrader 5 Automated Indices Trading Expert Advisor Indices Trading Tutorial.

The MT5 online indices trading platform MetaEditor environment is shown below.

MetaTrader 5 Online Indices Trading Platform MetaEditor Environment - MT5 Command Line

MetaEditor Menu - MT5 Command Line MetaEditor Menu

On the MT5 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 MT5 Indices Trading Platform and start to appear on the MetaTrader 5 platform Navigator Window in the MetaTrader 5 Custom Indicators Sub Menu.

Adding a New Custom Indicator on MT5

After you have opened the MetaQuotes Language Editor - MT5 Command Line MetaEditor - on your indices trading platform as shown above (Short Cut Keyboard Key - Press F4), you can then follow the steps below:

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

Adding Custom Indicators on MetaTrader 5 - How to Add MetaTrader 5 Custom Indicators Indices Trading - Indices Trading MetaTrader 5 Command Line

Step2: On the Popup window that appears on your screen select "Custom Indicator" and then click next

Adding Custom Indicators on MetaTrader 5 - Add MetaTrader 5 Custom Indices Indicators

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

Creating Custom Stock Indices Indicator on MT5

Step4: Specify if the MetaTrader 5 Custom Indicator is to appear on a separate window or not, Then Click Finish

Creating Custom MetaTrader 5 Stock Indices Indicator - How to Create Indices Trading MetaTrader 5 Custom Indicators

For an MetaTrader 5 custom indicator that is a stock indices price overlay - do not check this box, and for an oscillator custom MetaTrader 5 Stock Indices Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

The Following Code will appear on the indices trading platform MetaEditor Window

Adding Indices Trading MT5 Custom Indicators on MetaTrader 5

To program a customized MetaTrader 5 custom indicator it requires that you are a programmer who knows the C++ Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MetaTrader 5 software. Or you can find the community of MQL4 Programmers and they can program the MetaTrader 5 Custom Indicator for you.

Step4: Compile

Do not forget to compile, for the MetaTrader 5 Indices Trading custom indicator to be recognized by the MT5 indices trading platform; a trader must compile the program - custom indicator program, then close and restart the MetaTrader 5 platform, just like restarting your computer - you will restart MetaTrader 5 platform so that the newly added indices custom MetaTrader 5 stock indices indicator can start appearing and be listed on the MetaTrader 5 Navigator Window - MetaTrader 5 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MetaTrader 5 Online Indices Trading Platform

If there are no Errors, the stock indices MetaTrader 5 custom indicator will be compiled successfully without any error as shown above.

Step5: Restart MT5 Indices online trading platform and the new MetaTrader 5 stock indices custom indicator should now be listed on the MetaTrader 5 Navigation Menu as shown below and you can start trading with the newly added MT5 custom indicator.

New MetaTrader 5 Custom Indicator Added to the Indices Trading Platform - MT5 Custom Indicators

How to Add a Downloaded Custom Indicator on MT5

If you download MetaTrader 5 custom indicator from a source on the internet for example on www.tradestockindices.com, and it is now on your computer - to add it to the MetaTrader 5 platform, follow the steps below:

Step 1: On the File Menu of the MetaEditor, Select "Open"

Open a Downloaded Indices Indicator Using MetaEditor - Indices Indicators MetaTrader 5 Custom Indicators

Step 2: Locate the Download Folder from the Popup window that appears as shown below.

Step 3: Once you open the download MetaTrader 5 custom indicator that you have downloaded from an internet source it will be displayed on the MetaEditor MT5 Work Space - you can then follow the above procedure for compiling the download MetaTrader 5 custom indicator, once it is compiled without errors, restart your MetaTrader 5 platform and it will now be added on the indices trading platform navigator menu and you can start to trade with it on your MT5 Indices Trading Platform.

MetaTrader 5 Custom Indicators Indices Trading - MT5 Indices Trading Custom Stock Indices Indicators.