Best MT4 Custom Indicators Tutorial

MetaTrader 4 Command Line - The MetaEditor language Editor is a programming environment on the MetaTrader 4 that stock index traders can use to add new MT4 Custom Indicators, Scripts, Libraries and Include Files which are used in MT4 programming - MetaTrader 4 Command Line Programming Editor. The MT4 platform MetaEditor or MetaTrader 4 Command Line MetaEditor is commonly used by Stock Indices Traders who use Automated Stock Index Expert Advisors to place stock index trades. In this Best MT4 Custom Indicators stock indices tutorial we shall look at how to add a custom indicator on the MT4 platform using the MetaEditor, to learn how to add a new MT4 Stock Index Expert Advisor Automated Stock Indices Robot you can navigate to the: Adding a new MT4 Stock Index Expert Advisor Stock Indices Trading Tutorial.

The MetaTrader 4 online stock index trading platform MetaEditor environment is shown below.

MT4 Online Stock Indices Platform MetaEditor Environment - MetaTrader 4 Command Line

MetaEditor Menu - MetaTrader 4 Command Line MetaEditor Menu

On the MetaTrader 4 platform, after adding a Stock 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 MetaTrader 4 Stock Indices Platform and start to appear on the MT4 platform Navigator Window in the MT4 Custom Indicators Sub Menu.

Best MT4 Custom Indicators Tutorial

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

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

Adding Custom Indicators on MT4 - How to Add MT4 Custom Indicators Stock Indices Trading - Stock Indices Trading MT4 Command Line

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

Adding Custom Indicators on MT4 - Add MT4 Custom Stock Indices Indicators

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

Creating Custom Stock Index Indicator on MetaTrader 4

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

Creating Custom MT4 Stock Index Indicator - How to Create Stock Indices Trading MT4 Custom Indicators

For an MT4 custom indicator that is a stock index price overlay - do not check this box, and for an oscillator custom MT4 Stock Index Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

The Following Code will appear on the stock index trading platform MetaEditor Window

Adding Stock Indices Trading MetaTrader 4 Custom Indicators on MT4

To program a customized MT4 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 MT4 software. Or you can find the community of MQL4 Programmers and they can program the MT4 Custom Indicator for you.

Step4: Compile

Do not forget to compile, for the MT4 Stock Indices Trading custom indicator to be recognized by the MetaTrader 4 stock indices platform; a trader must compile the program - 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 stock indices custom MT4 stock indices indicator can start appearing and be listed on the MT4 Navigator Window - MT4 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MT4 Online Stock Indices Platform

If there are no Errors, the stock indices MT4 custom indicator will be compiled successfully without any error as shown above.

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

New MT4 Custom Indicator Added to the Stock Indices Platform - MetaTrader 4 Custom Indicators

How to Add a Downloaded Custom Indicator on MetaTrader 4

If you download MT4 custom indicator from a source on the internet for example on www.tradeforextrading.com, and it is now on your computer - to add it to the MT4 platform, follow the steps below:

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

Open a Downloaded Stock Indices Indicator Using MetaEditor - Stock Indices Indicators MT4 Custom Indicators

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

Step 3: Once you open the download MT4 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 is compiled without errors, restart your MT4 platform and it will now be added on the stock index trading platform navigator menu and you can start to trade with it on your MetaTrader 4 Stock Indices Platform.

MT4 Custom Indicators Stock Indices Trading - MetaTrader 4 Stock Indices Trading Custom Technical Stock Index Indicators.