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Best MetaTrader 4 Custom Indicators Tutorial

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


The MT4 online stock trading platform MetaEditor environment is shown below.

Best MetaTrader 4 Custom Indicators Tutorial

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


MetaEditor Menu - MT4 Command Line MetaEditor Menu


Stock Indicators MetaTrader 4


On the MT4 stocks trading platform, after adding a Stock Indicator a stock trader will require to compile this newly added stocks trading custom indicator item so that it can now be recognized by the MT4 Stock Trading Platform and start to appear on the MetaTrader 4 stocks trading platform Navigator Window in the MetaTrader 4 Custom Indicators Sub Menu.


Best MetaTrader 4 Custom Indicators Tutorial

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


Step1: Go To File Menu, Then Select “New”

Stocks MT4 Command Line

Adding Custom Indicators on MetaTrader 4 Stocks Trading Platform - How to Add MetaTrader 4 Custom Indicators Stocks - Stocks MetaTrader 4 Command Line


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

How to Add MetaTrader 4 Custom Indicators

Adding Custom Indicators on MetaTrader 4 Stocks Trading Platform - Add MetaTrader 4 Custom Stock Indicators


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

What is MetaTrader 4 Custom Indicators?

Creating Custom Stock Technical Indicator on MT4 Platform


Step4: Specify if the MetaTrader 4 Custom Indicator is to appear on a separate window or not, Then Click Finish

How to Create MetaTrader 4 Custom Indicators Stock

Creating Custom MetaTrader 4 Stocks Indicator - How To Create Stocks MetaTrader 4 Custom Indicators


For an MetaTrader 4 custom indicator that is a stocks price overlay - do not check this box, and for an oscillator custom MetaTrader 4 Stocks Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.


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

Stocks MT4 Custom Indicators

Adding Stocks MT4 Custom Indicators on MetaTrader 4


To program a customized MetaTrader 4 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 MetaTrader 4 stock trading software. Or you can find the community of MQL4 Programmers and they can program the MetaTrader 4 Custom Indicator for you.


Step4: Compile

Do not forget to compile, for the MetaTrader 4 Stock custom indicator to be recognized by the MT4 stock trading platform; a stock trader must compile the program - custom indicator program, then close and restart the MetaTrader 4 stocks trading platform, just like restarting your computer - you will restart MetaTrader 4 stocks trading platform so that the newly added stock custom MetaTrader 4 stock indicator can start appearing and be listed on the MetaTrader 4 Navigator Window - MetaTrader 4 Custom Indicators Sub Menu.

MetaTrader 4 Custom Indicators Menu List

Compile New Custom Indicator on The MetaTrader 4 Online Stock Trading Platform


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


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

New Custom Indicator Added To Indicator List on MetaTrader 4 Custom Indicators List Menu

New MetaTrader 4 Custom Indicator Added To The Stock Trading Platform - MT4 Custom Indicators


How To Add a Downloaded Custom Indicator on MT4

If you download MetaTrader 4 custom indicator from a source on the internet for example on www.tradestockstrading.com, and it is now on your computer - to add it to the MetaTrader 4 stocks trading platform, follow the steps below:


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

Stock Indicators MetaTrader 4 Custom Indicators

Open a Downloaded Stock Indicator Using MetaEditor - Stock Indicators MetaTrader 4 Custom Indicators


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

Stock Indicators MetaTrader 4 Custom Indicators


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

MetaTrader 4 Custom Indicators Stocks - MT4 Stocks Custom Stocks Indicators.


 

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