MT4 Platform MetaEditor Tutorial: Adding Custom Indicators Tutorial

MT4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 that forex traders can use to add new MT4 Custom Indicators, Scripts, Libraries and Include Files which are used in MT4 programming - MT4 Command Line Programming Editor. The MT4 platform MetaEditor or MT4 Command Line MetaEditor is commonly used by Traders who use Automated Expert-Advisors to place forex trades. In this Best MT4 Custom Indicators forex tutorial we shall look at how to add a custom indicator on MetaTrader 4 platform using the MetaEditor, to learn how to add a new MetaTrader 4 EA Automated Bot you can go to the: Adding a new MT4 EA Forex Guide.

The MT4 online Forex software MetaEditor environment is displayed and illustrated below.

Meta Trader 4 Online Forex Platform MetaEditor Environment - MT4 Command Line

Meta Editor Menu - MT4 Command Line Meta Editor Menu

On MT4 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 the MetaTrader 4 Platform & begin to appear in MetaTrader 4 platform Navigator Window in the MT4 Custom Indicators Sub Menu.

Adding a New Custom Indicator on MetaTrader 4 - Best MT4 Custom Indicators Tutorial

After you have opened the MetaQuotes Language Editor - MT4 Command Line MetaEditor - on your platform as shown above (Short Cut Key - Press F4), you can then follow the guide lines below:

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

Adding Custom Indicators on MT4 - How to Add MT4 Custom Indicators Forex

Step2: On Popup window that pops on your screen choose 'Custom Indicator' & click next

Adding Custom Indicators on MT4 - Add MT4 Custom Indicators

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

Creating Custom Indicator in MetaTrader 4

Step4: Specify if MT4 Custom Indicator is to appear on a separate window or not, Then Press Finish

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

For an MT4 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 RSI indicator or Stochastic Oscillator - check the above option.

Following Program will popup on the platform Meta Editor Window

Adding Forex MT4 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 MQL4 coding language uses in the programming of the MetaTrader 4 software. Or you can find the community of MQL4 Programmers and they can program the MetaTrader 4 Custom Indicator for you.

Step4: Compile

Don't forget to compile, for Meta Trader 4 custom indicator to be recognized by the MT4 platform: one must compile the program - custom indicator program, then close and rebegin the MetaTrader 4 software, just like rebeginning your computer - you'll rebegin MetaTrader 4 platform so that the newly added custom Meta Trader 4 technical indicator can start appearing and be listed on the Meta Trader 4 Navigator Window - Meta Trader 4 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MT4 Online Forex Software

If there are no Errors, the forex MetaTrader 4 custom indicator will be compiled successfully without any error as shown above.

Step5: Rebegin MetaTrader 4 online software and the new MT4 custom indicator should now be listed on the MT4 Navigation Menu as shown below and you can start trading with newly added MetaTrader 4 custom indicator.

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

How to Add a Downloaded Custom Indicator in MT4 Software

If you download Meta Trader 4 custom indicator from a source on the inter-net for example on www.tradeforextrading.com, & it is now on your Desktop computer - to add it to MetaTrader 4 software, follow steps below:

Step 1: On File Menu of the Meta Editor Window, Choose 'Open'

Open a Downloaded Indicator Using MetaEditor - Indicators MT4 Custom Indicators

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

Step 3: Once you open the download Meta Trader 4 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 custom indicator, once it's compiled without errors, re-start your MetaTrader 4 platform and it will now be added on the platform navigator menu and you can start to trade with it on your MT4 Software.

MetaTrader 4 Custom Indicators Forex - MT4 Custom Indicators.