MT4 Stock Indices Software Meta-Editor Tutorial: Adding Custom Indicators

MT4 Command Line - The MetaEditor language Editor is a programming environment on the MT4 that stock indices 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. MetaTrader 4 platform MetaEditor or MT4 Command Line MetaEditor is commonly used by Indices Traders who use Automated Indices Expert Advisors to place stock indices trades. In this Best MetaTrader 4 Custom Indicators indices trading guide we shall look at how to add a custom indicator on MetaTrader 4 platform using the MetaEditor, to learn how to add a new MetaTrader 4 Indices EA Automated Indices Robot you can go to the: Adding a new MT4 Indices EA Indices Guide.

The MT4 online indices trading platform MetaEditor environment is illustrated and shown below.

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

MetaEditor Menu - MT4 Command Line Meta Editor Menu

On MetaTrader 4 platform, after adding a 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 MT4 Indices Trading Software & begin to appear on MetaTrader 4 platform Navigator Window in the MetaTrader 4 Custom Indicators Sub Menu.

How to Add a New Custom Stock Indices Indicator in MT4 Software

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

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

Adding Custom Indicators in MT4 - How to Add MetaTrader 4 Custom Indicators Stock Indices - Stock Indices MetaTrader 4 Command Line

Step2: On the Pop-up window that appears on your screen choose 'Custom Technical Indicator' and then click next

Adding Custom Indicators in MT4 - Add MetaTrader 4 Custom Indices Indicators

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

Creating Custom Stock Indices Indicator in MT4

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

Creating Custom MT4 Indicator - How to Create Stock Indices MetaTrader 4 Custom Indicators

For an MT4 custom indicator that is a stock indices trading price overlay - don't check this box, and for an oscillator custom MT4 Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.

Following Program will pop up on indices software Meta-Editor Window Panel

Adding Stock Indices MT4 Custom Indicators on MT4

To program a customized MetaTrader 4 custom indicator it requires that you're a coder who knows C plus plus Object Oriented Coding Language, which is the programming language that the MQL4 programming language uses in the programming of the MetaTrader 4 trading software. Or you can find the community of MQL4 Programmers and they can program the MT4 Custom Trading Indicator for you.

Step4: Compile

Do not forget to compile, for MT4 Indices custom indicator to be recognized by the MT4 indices platform: a trader must compile the program - custom indicator program, then close and restart MetaTrader 4 stock indices trading software, just like you restart your PC computer - you'll restart MetaTrader 4 platform so that the newly added indices custom MT4 indicator can begin appearing and be listed on the MT4 Navigator Window - MetaTrader 4 Custom Indicators Sub Menu.

Compile New Custom Indicator on the MetaTrader 4 Online Indices Software

If there are no Errors, the stock indices MetaTrader 4 custom trading indicator will be compiled successfully without any error as illustrated above.

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

New MT4 Custom Trading Indicator Added to the Indices Software - MetaTrader 4 Custom Technical Indicators

How to Add a Downloaded Custom Indices Indicator in MT4 Platform

If you download MetaTrader 4 custom technical indicator from a source on the inter-net for examples on www.tradestockindices.com, and it is now on your PC Desktop computer - to add it to the MetaTrader 4 stock indices trading software, follow procedure below:

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

Open a Downloaded Indices Indicator Using Meta-Editor - Indices Indicators MetaTrader 4 Custom Indicators

Step 2: Locate the Download Folder location from the Pop up panel that appears as illustrated and shown below.

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 platform and it will now be added on the indices trading platform navigator menu and you can begin to trade with it on your MT4 Indices Trading Software.

MT4 Custom Indicators Stock Indices - MT4 Stock Indices Custom Stock Indices Indicators.