How Do I Add a Custom Indicator to MT4? - How Do I Add a Custom Indicator?
How to Setup a Custom Indicator to Your MetaTrader 4 Platform
- Download the MetaTrader 4 custom indicator.
- Locate the Custom indicator and copy this MetaTrader 4 custom indicator file.
- Open the data folder in MT4.
- Open MQ4 file on MT4.
- Locate the Navigator Window.
- On the navigator panel, find the Custom Trading Indicators option.
- Open your Custom indicator by double clicking the indicator.
- The Custom Indicator Properties window will appear.
- The Custom Indicator Will now be added to your MT4 software.
How to install custom indicators in MetaTrader 4
How Do I Add Custom Indicators to MT4 Software?
MT4 Software MetaEditor Guide: Adding Custom Indicators
The Meta-Editor language Editor is a programming environment on the MT4 software which traders can use to add new Custom Indicators, Scripts, Libraries & Include Files which are used in coding. The MT4 platform MetaEditor is oftenly used by traders who use Automated EAs to place trades. This learn MT4 tutorial we shall look at how to add a custom indicator in MetaTrader 4 platform using the MetaEditor, to learn how to add a new EA you can go to the: Adding a new MT4 EA MT4 Guide.
The MT4 online platform MetaEditor environment is illustrated below.
How Do I Add Custom Indicator to MT4? - Adding Custom Indicators
Meta-Editor Menu
How to Setup a Custom Indicator to Your MetaTrader 4 Software
On MetaTrader 4 platform, after adding an Indicator a trader will need to compile this newly added item so that it can now be recognized by the MetaTrader 4 Platform and begin to appear on MetaTrader 4 platform Navigator Window Panel.
How to Add a New Custom Indicator on MT4 Software
After you have opened the Meta Quotes Language MetaEditor in your MT4 as shown above (Short Cut Key - Press F4), you can then follow guide-lines below:
Step1: Go To File Menu, Then Choose "New"
How Do You Add a Custom Indicator? - Adding Custom Indicators in MetaTrader 4
Step2: On Popup window that appears on your screen choose "Custom Indicator" & click next.
Adding Custom Indicators on the MT4 Online Forex Software
Step3: Choose & Enter a Name as Shown Below & then Click Next
Creating Custom Indicator on MT4
Step4: Specify if it is to appear & show in a separate window or not, Then Press Finish
Creating Custom MT4 Indicator
For an MT4 custom indicator that's a price overlay - don't check this box, and for an oscillator like the RSI or Stochastic Oscillator - check the above option.
Following Program will popup on MT4 software MetaEditor Panel
Adding Custom Indicator in MT4
To program a customized MT4 indicator it requires that you're a programmer who knows the C + + Object Oriented Coding Language, which is the coding language that the MQL4 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 custom indicator for you.
Step4: Compile
Do not forget to compile, for MetaTrader 4 custom indicator to be recognized by the MT4 platform: one must compile the program, then close and restart the MT4 software, just like restarting your Desktop PC computer - you'll re-start MT4 platform so that the new added custom MetaTrader 4 custom technical indicator can begin appearing and be listed on the MetaTrader 4 Navigator Window.
Compile New Custom Indicator in MetaTrader 4 Software
If there are no Errors, it'll be compiled successfully without any error as shown above.
Step5: Restart MT4 online software and it should now be listed on the MT4 Navigation Menu as shown below and you can start trading with the new added custom indicator.
New MT4 Indicator Added to the Software
How to Add a Downloaded Custom Indicator on Platform
If you download an indicator from a source on the internet for examples on www.tradeforextrading.com, and it's now on your PC computer - to add it to the MetaTrader 4 software, follow the steps explained below:
Step1: On MT4 Software File Menu of the Meta Editor, Select "Open"
Open a Downloaded Indicator Using MetaEditor
Step2: Find Download Folder location from the Pop-up window panel that pops up as illustrated below.
How Do I Add Custom Indicators to MT4 Software?
Step3: Once you open the downloaded custom technical indicator it will be displayed in Meta Editor Work Space - you can then follow the above procedure for compiling downloaded MT4 indicator, once it's compiled without errors, restart your MetaTrader 4 platform and it will now be added on the platform navigator menu & you can start to trade with it on your MT4 Software.
