MT4 Platform MetaEditor Tutorial: Adding MT4 Chart Custom Indicators
The Meta-Editor language Editor is a coding environment on the MT4 that traders can use to add new MT4 Chart Custom Indicators, Scripts, Libraries and Include Files which are used on MT4 programming. The MetaTrader 4 platform MetaEditor is oftenly used by Forex Traders who use Automated Forex EAs to place trades. In this Best MT4 Chart Custom Indicators tutorial we shall look at how to add a MT4 Chart Custom Indicator on the MT4 platform using the MetaEditor, to learn how to add a new MT4 EA Automated Bot you can navigate to the: Adding a new MT4 EA Forex Guide.
The MT4 online trading platform Meta Editor environment is displayed and illustrated below.
MetaTrader 4 Online Trading Platform MetaEditor Environment
MetaEditor Menu
On MT4 Forex trading platform, 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 MT4 Forex Platform & begin to appear in MetaTrader 4 platform Navigator Window in MT4 Chart Custom Indicators Sub-Menu.
Adding a New MetaTrader 4 Chart Custom Indicator on MetaTrader 4 Guide
After you've opened the MetaQuotes Language Meta-Editor on your MT4 Forex trading platform as shown above (Short Cut Key - Press F4), you can then follow the guide lines below:
Step1: Go To File Menu, Then Choose 'New'
Adding MetaTrader 4 Chart Custom Indicators in MetaTrader 4 - How to Add MT4 Custom Indicators Guide
Step2: On the Popup window that pops up on your screen select 'MetaTrader 4 Chart Custom Indicator" and then click next
Adding MetaTrader 4 Chart Custom Indicators in MetaTrader 4 - Add MT4 Custom Indicators
Step3: Choose and Enter a Name as Shown Below & then Click Next
Creating Custom Indicator in MT4
Step4: Specify if the MT4 Chart Custom Indicator is to appear on a separate window or not, Then Click Finish
Creating Custom MT4 Indicator - How to Create Forex MT4 Custom Indicators
For an MT4 Chart Custom Indicator that is a price overlay - don't check this box, and for an oscillator custom MT4 Indicator - for example oscillators such as the Stochastic technical indicator or MACD indicator - check the above option.
The Following Program will pop up on Forex MT4 platform MetaEditor Window
Adding Forex MT4 Chart Custom Indicators in MetaTrader 4 Software
To program a customized MT4 custom indicator it requires that you are a programmer who knows the C + + Object Oriented Coding Language, which is the programming language that the MT4 MQL4 programming language uses in the programming of the MT4 Forex trading software. Or you can find the community of MQL4 Programmers and they can program the MT4 Chart Custom Indicator for you.
Step4: Compile
Don't forget to compile, for MT4 Forex MT4 Chart Custom Indicator to be recognized by the MT4 trading platform: a trader must compile the program - MT4 Chart Custom Indicator program, then close and restart the MT4 Forex Trading platform, just like restarting your computer - you will restart MT4 platform so that the newly added forex custom MT4 indicator can begin appearing and be listed on the MT4 Navigator Window - MT4 Chart Custom Indicators Sub Menu.
Compile New MT4 Chart Custom Indicator in MT4
If there are no Errors, the MetaTrader 4 Chart Custom Indicator will be compiled successfully without any error as displayed above.
Step5: Restart MetaTrader 4 Forex online platform & the new MT4 Chart Custom Indicator should now be listed on the MetaTrader 4 Navigation Menu as shown below and you can start trading with new added MetaTrader 4 Chart Custom Indicator.
New MT4 Indicator Added To The Software - MT4 Chart Custom Indicators
How to Add a Downloaded MT4 Chart Custom Indicator in MetaTrader 4 Software
If you download MT4 Chart Custom Indicator from a source on the internet for example on www.tradegoldtrading.com, and it is now on your PC Desktop computer - to add it to MT4 platform, follow steps below:
Step 1: On File Menu of the Meta Editor Window, Select 'Open'
Open a Downloaded Indicator Using MetaEditor - Indicators MT4 Chart Custom Indicators
Step 2: Locate Download Folder from the Pop up window panel that pops up as illustrated below.
Step 3: Once you open the download MT4 Chart 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 Chart Custom Indicator, once it is compiled without errors, restart your MT4 Forex platform and it will now be added on the Forex platform navigator menu and you can start to trade with this MetaTrader 4 Chart Custom Indicator on your MT4 Platform.
MT4 Chart Custom Indicators Forex - MT4 Forex Custom Indicators.
