MT5 Platform MetaEditor Tutorial: Adding Custom Technical Indicators

MT5 Command Line - The MetaEditor language Editor is a programming environment on the MT5 that traders can use to add new MT5 Custom Indicators, Scripts, Libraries and Include Files which are used in MT5 programming - MT5 Command Line Programming Editor. The MT5 Platform MetaEditor or MT5 Command Line MetaEditor is commonly used by Traders who use Automated Automated Expert Advisors to place trades. In this Best MT5 Custom Indicators tutorial we shall look at how to add a custom indicator in the MT5 platform using the MetaEditor, to learn how to add a new MT5 Automated EA Automated Robot you can navigate to the: Adding a new MT5 Automated EA Stocks Guide.

The MT5 online platform Meta-Editor environment is displayed below.

MetaTrader 5 Online Platform MetaEditor Environment - MT5 Command Line

MetaEditor Menu - MetaTrader 5 Command Line Meta-Editor Menu

On MetaTrader 5 platform, after adding a Indicator one will require to compile this newly added custom indicator item so that it can now be recognized by the MT5 Platform and start to appear on the MT5 platform Navigator Window in the MT5 Custom Indicators Sub Menu.

Adding a New Stock Custom Indicator in Meta Trader 5 Platform

After you have opened the Meta-Quotes Language Editor - Platform MT5 Command Line MetaEditor - on your platform as displayed above (Keyboard ShortCut Key - Press F4), you can then follow steps below:

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

Adding Custom Indicators on MT5 Platform - How to Add MT5 Custom Indicators Stock - Stock MT5 Command Line

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

Adding Custom Indicators on MT5 Platform - Add MT5 Custom Indicators

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

Creating Custom Indicator in MT5

Step4: Specify if the MT5 Custom Technical Indicator is to show on a separate panel or not, Then Click Finish

Creating Custom MT5 Indicator - How to Create MT5 Custom Indicators

For an Meta Trader 5 custom indicator that's a stocks price overlay - do not check this box, and for an oscillator custom MT5 Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

The Following Program will popup on the platform MetaEditor Window

Adding MT5 Custom Indicators in MT5

To program a customized MT5 custom 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 MT5 platform. Or you can find the community of MQL4 Programmers and they can program the MT5 Custom Indicator for you.

Step4: Compile

Do not forget to compile, for MT5 custom indicator to be recognized by the MT5 platform: one must compile the program - custom indicator program, then close & rebegin the MT5 platform, just like restarting your computer - you'll rebegin Meta Trader 5 platform so that the newly added custom MT5 indicator can start appearing and be listed on the MT5 Navigator Window - MT5 Custom Indicators Sub Menu.

Compile New Custom Indicator on The MT5 Online Software

If there are no Errors, the MT5 custom indicator will be compiled successfully without any error as shown above.

Step5: Rebegin Meta Trader 5 online software & the new MT5 custom indicator should now be listed on the MT5 Navigation Menu as shown below and you can start trading with newly added MT5 custom indicator.

New MT5 Custom Indicator Added To The Platform - MT5 Custom Indicators

How to Add a Downloaded Custom Indicator in Meta Trader 5

If you download MT5 custom technical indicator from a source on the inter-net for example on www.tradeforextrading.com, & it's now on your PC Desktop computer - to add it to the MT5 platform, follow the steps highlighted below:

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

Open a Downloaded Indicator Using Meta-Editor - Indicators MT5 Custom Indicators

Step 2: Locate the Download Folder from the Pop-up panel that pops up as displayed below.

Step 3: Once you open the download MT5 custom indicator that you have downloaded from an internet source it will be displayed on the MetaEditor MT5 Work Space - you can then follow the above procedure for compiling the download MT5 custom indicator, once it's compiled without errors, rebegin your Meta Trader 5 platform & it will now be added on the platform navigator menu & you can start to trade with it on your MT5 Platform.

MT5 Custom Indicators Stock - MT5 Stock Custom Technical Indicators.