Meta Trader 4 Platform MetaEditor Tutorial: Adding MT4 Chart Custom Indicators
The Meta-Editor language Editor is a programming environment on the MT4 that traders can use to add new MetaTrader 4 Chart Custom Indicators, Scripts, Libraries & Include Files which are used in MT4 coding. The MetaTrader 4 platform MetaEditor is oftenly used by Forex Traders who use Automated EAs to place trade transactions. 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 MetaTrader 4 EA Automated Forex Bot you can go to the: Adding a new MT4 EA FX Guide.
The MT4 online Forex software MetaEditor environment is shown and illustrated below.
MetaTrader 4 Online Forex Software Meta-Editor Environment
Meta Editor Menu
On MetaTrader 4 trading software, after adding a Indicator a trader will need to compile this newly added custom indicator item so that it can now be recognized by MetaTrader 4 Platform and start to appear on MT4 platform Navigator Window in the MT4 Chart Custom Indicators Sub-Menu.
Adding a New MT4 Chart Custom Indicator in MT4 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 Select "New"
Adding MT4 Chart Custom Indicators on MT4 - How to Add MT4 Custom Indicators Guide
Step2: On the Popup panel that appears on your screen choose "MT4 Chart Custom Indicator" & then click next
Adding MT4 Chart Custom Indicators on MT4 - Add MT4 Custom Indicators
Step3: Choose and Enter a Name as Shown Below and then Click Next
Creating Custom Technical Indicator on MetaTrader 4
Step4: Specify if Meta Trader 4 Chart Custom Indicator is to appear on a separate window or not, Then Press Finish
Developing Custom MT4 Indicator - How to Create Forex MT4 Custom Indicators
For an MetaTrader 4 Chart Custom Indicator that is a price overlay - do not check this box, & 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 Meta Editor Window
Adding Forex MetaTrader 4 Chart Custom Indicators in MetaTrader 4
To code a customized MT4 custom technical indicator it requires that you are a coder who knows the ##1##CC++ Object Oriented Coding Language, which is the coding language that the MT4 MQ4 programming language uses in the coding of the MetaTrader 4 trading software. Or you can find the community forum of MQL4 Programmers and they can program Meta Trader 4 Chart Custom Indicator for you.
Step 4: Compile
Don't forget to compile, for Meta Trader 4 MetaTrader 4 Chart Custom Indicator to be recognized by MT4 platform: one must compile the program - Meta Trader 4 Chart Custom Indicator program, then close and rebegin the MT4 trading software, just like rebeginning your computer - you'll rebegin MetaTrader 4 platform software so that the newly added forex custom Meta Trader 4 indicator can start appearing and be listed on the MT4 Navigator Window - MT4 Chart Custom Indicators Sub Menu.
Compile New MetaTrader 4 Chart Custom Indicator on the MetaTrader 4 Software
If there are no Errors, MetaTrader 4 Chart Custom Indicator will be compiled successfully without any error as shown above.
Step5: Restart MetaTrader 4 online platform & the new MetaTrader 4 Chart Custom Indicator should now be listed on the MT4 Navigation Menu as illustrated below and you can start trading with the new added MetaTrader 4 Chart Custom Indicator.
New MetaTrader 4 Indicator Added to the Software - MT4 Chart Custom Technical Indicators
How to Add a Downloaded MetaTrader 4 Chart Custom Indicator in MT4
If you download Meta Trader 4 Chart Custom Indicator from a source on the internet for example on www.tradeforextrading.com, & it is now on your PC computer - to add it to the MT4 software, follow the steps discussed below:
Step 1: On File Menu of the Meta Editor Window, Choose "Open"
Open a Downloaded Indicator Using MetaEditor - Indicators MetaTrader 4 Chart Custom Technical Indicators
Step 2: Locate the Download Folder from the Popup panel that pops up as shown below.
Step 3: Once you open the download Meta Trader 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's compiled without errors, rebegin your Meta Trader 4 software and it will now be added on the platform navigator menu and you can start to trade with this MetaTrader 4 Chart Custom Indicator in your MetaTrader 4 Platform Software.
MT4 Chart Custom Indicators Forex - MT4 Custom Technical Indicators.
