MetaTrader 4 Platform MetaEditor Tutorial: Adding MT4 Chart Custom Indicators

The Meta-Editor language Editor is a coding environment on the MetaTrader 4 that traders can use to add new MetaTrader 4 Chart Custom Indicators, Scripts, Libraries and Include Files which are used in MT4 programming. The MetaTrader 4 software MetaEditor is oftenly used by Forex Traders who use Automated Trading EAs to place trades. In this Best MT4 Chart Custom Indicators tutorial we shall look at how to add a MetaTrader 4 Chart Custom Indicator on the MT4 platform using the MetaEditor, to learn how to add a new MT4 EA Automated Forex Robot you can go to the: Adding a new MetaTrader 4 EA Forex Guide.

The MetaTrader 4 online Forex trading software MetaEditor environment is shown and illustrated below.

MetaTrader 4 Online Forex Platform MetaEditor Environment

MetaEditor Menu

On MT4 platform, after adding a Indicator a trader will need to compile this newly added custom forex indicator item so that it can now be recognized by MT4 Platform and begin to appear on MetaTrader 4 platform Navigator Window in the MT4 Chart Custom Indicators Sub-Menu.

Adding a New MT4 Chart Custom Indicator in MetaTrader 4 Tutorial

After you have opened the MetaQuotes Language MetaEditor on your MetaTrader 4 platform as shown above (Short Cut Key - Press F4), you can then follow the steps below:

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

Adding MetaTrader 4 Chart Custom Indicators in MetaTrader 4 - How to Add MT4 Custom Indicators Guide

Step2: On the Popup panel that appears on your screen select "MT4 Chart Custom Indicator" and then click next

Adding MetaTrader 4 Chart Custom Indicators in MetaTrader 4 - Add MT4 Custom Forex Indicators

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

Creating Custom Indicator on MT4

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

Creating Custom MT4 Indicator - How to Create Forex MT4 Custom Forex Indicators

For an MT4 Chart Custom Indicator that is a price overlay - do not check this box, and for an oscillator custom MT4 Indicator - for example oscillators such as the Stochastic indicator or MACD indicator - check the above option.

Following Program will pop up on Forex MetaTrader 4 platform MetaEditor Window

Adding Forex MetaTrader 4 Chart Custom Indicators in MetaTrader 4

To program a customized MT4 custom indicator it requires that you're a programmer who knows the C + + Object Oriented Coding Language, which is the programming language that the MetaTrader 4 MQL4 programming language uses in the programming of the MT4 software. Or you can find the community of MQL4 Programmers & they can program MetaTrader 4 Chart Custom Indicator for you.

Step4: Compile

Do not forget to compile, for MetaTrader 4 Forex MetaTrader 4 Chart Custom Indicator to be recognized by the MetaTrader 4 forex platform: a trader must compile the program - MetaTrader 4 Chart Custom Indicator program, then close and restart the MT4 platform, just like restarting your computer - you will restart MT4 platform so that the newly added forex custom MT4 indicator can begin appearing & be listed on the MT4 Navigator Window - MT4 Chart Custom Indicators Sub Menu.

Compile New MT4 Chart Custom Indicator on the MT4 Platform

If there are no Errors, MT4 Chart Custom Indicator will be compiled successfully without any error as displayed above.

Step5: Restart MetaTrader 4 Forex online platform and the new MT4 Chart Custom Indicator should now be listed on the MT4 Navigation Menu as shown below and you can start trading with the new added MetaTrader 4 Chart Custom Indicator.

New MetaTrader 4 Indicator Added to the Forex Software - MT4 Chart Custom Indicators

How to Add a Downloaded MetaTrader 4 Chart Custom Indicator on MetaTrader 4

If you download MT4 Chart Custom Indicator from a source on the internet for example on www.tradeforextrading.com, and it's now on your PC computer - to add it to the MetaTrader 4 software, follow the steps below:

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

Open a Downloaded Indicator Using MetaEditor - Forex Indicators MT4 Chart Custom Indicators

Step 2: Locate the Download Folder from the Popup window that pops up as illustrated and illustrated below.

Step 3: Once you open the download MetaTrader 4 Chart Custom Indicator that you have downloaded from an internet source it'll be displayed on the MetaEditor Work Space - you can then follow the above procedure for compiling the download MT4 Chart Custom Indicator, once it is compiled without errors, restart your MT4 platform and it will now be added on the Forex platform navigator menu and you can start to trade with this MetaTrader 4 Chart Custom Indicator on your MT4 Platform.

MT4 Chart Custom Indicators Forex - MetaTrader 4 Forex Custom Indicators.