Trading Stocks Read and Add a Custom MT4 Indicator on MT4

Stocks Add Custom MT4 Indicator on MT4 Platform

Trading Stocks Install a Stocks Trading Custom Indicator to Your MetaTrader 4 Stocks Platform

Download MetaTrader 4 custom indicator.
Locate the Custom technical indicator & copy this MT4 custom indicator file.
Open the data folder on MT4 platform.
Open MQL4 file in MetaTrader 4.
Locate the Navigator Window.
On the navigator panel, find the Custom Technical Indicators option.
Open your Custom indicator by double-clicking the indicator.
The Custom Trading Indicator Properties window panel will popup.
The Custom Indicator Will now be added to your MT4 stock platform.

Trading Stocks install custom indicators in MT4

Trading Stocks Add Custom Indicators to Stocks Trading MT4 Platform

MT4 Stocks Platform Meta-Editor Tutorial: Adding Custom Trading Indicators

The Meta-Editor language Editor is a programming environment on the MT4 stocks platform that stock traders can use to add new Custom Technical Indicators, Scripts, Libraries and Include Files which are used in coding. The MT4 stock platform MetaEditor is commonly used by Stocks traders who use Automated Stock Expert-Advisors to place trades. This learn MT4 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 Expert Advisor you can navigate to the: Adding a new MT4 Stock EA MT4 Stocks Platform Tutorial.

The MT4 online stock trading platform Meta-Editor environment is displayed below.

Read and Add a Custom MT4 Indicator in MT4 Platform Stocks

MetaEditor Menu

Read and Add a Custom MT4 Indicator in MT4

On MT4 platform, after adding an Indicator a trader will require to compile this newly added item so that it can now be recognized by the MT4 Stocks Platform & begin to appear in the MT4 platform Navigator Window.

How to Add a New Custom Stocks Indicator in MT4 Platform

After you have opened the Meta Quotes Language Meta-Editor on your MetaTrader 4 software as shown above (Keyboard Short Cut Key - Press F4), you can then follow the steps below:

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

Read and Add a Custom MT4 Indicator on MT4 Platform

Step2: On the Popup window that pops up on your screen choose "Custom Trading Indicator" and then click next.

MetaTrader 4 Window Panel for Adding Custom Technical Indicator

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

Name of New Custom Indicator in MT4

Step4: Specify if it's to show on a separate panel panel or not, Then Click Finish

Custom Trading Indicator Properties Settings

For an MetaTrader 4 custom indicator that is a stocks price overlay - do not check this box, & for an oscillator like the RSI or Stochastic Oscillator - check the above option.

The Following Program will popup on the MT4 Stocks trade platform MetaEditor Window

Adding Custom Indicator on MT4 MetaEditor

To program a customized MetaTrader 4 indicator it requires that you're a coder who knows 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 & they can program the custom indicator for you.

Step4: Compile

Don't forget to compile, for MT4 Stocks Trading custom indicator to be recognized by the MT4 stock trading platform: one must compile the program, then close and restart the MT4 stock platform, just like restarting your computer - you will restart MT4 stock platform so that the newly added custom MT4 custom technical indicator can start appearing and be listed on the MT4 Navigator Window.

Compile New Custom Indicator on The MT4 Stocks Platform

If there are no Errors, it will be compiled successfully without any error as displayed above.

Step5: Restart MT4 online stock trading software & it should now be listed on the MT4 Navigation Menu as shown below and you can start trading with newly added custom technical indicator.

New Custom Indicator Added To Indicator List in MT4

How to Add a Downloaded Custom Stock Indicator on Stocks Trading Platform

If you download an indicator from a source on the internet for example on www.tradeforextrading.com, & it is now on your PC computer - to add it to MetaTrader 4 platform, follow steps below:

Step1: On MetaTrader 4 Stocks Platform File Menu of MetaEditor, Select 'Open'

Add a Downloaded Indicator to MT4 Platform

Step2: Locate the Download Folder from the Popup window that appears as shown below.

Trading Stocks Add Custom Indicators to Stocks MetaTrader 4 Platform?

Step3: Once you open the downloaded custom technical indicator it'll be displayed in the MetaEditor Work Space - you can then follow the above procedure for compiling the downloaded MetaTrader 4 indicator, once it's compiled without errors, re-start your MetaTrader 4 platform and it will now be added on the stock trading platform navigator menu and you can begin to trade with it on your MT4 Stocks Platform.