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MetaTrader Indicators

How to Install Metatrader Indicators


There are thousands of indicators for the meta trader platform. Most of the common ones are already included in the meta trader software. There are three ways to install metatrader indicators on your chart.

insert indicators

1 On the top menu, click 'Insert', then Indicators. Choose the indicator you want by choosing the category they're in: Trend, Oscillators, Volumes, Bills Williams, or Custom. If you install additional indicators not already included in the meta trader platform package, they will appear in the Custom category. See below on instructions on how to install custom indicators.


indicator navigator window

2 You can also use the short-cut indicator short cut indicator buttonbutton . It will also give a list of the latest indicators you have used before on the top portion of the menu window.

3 The third method is through the navigator menu on the left of the chart. Double-click on 'Indicators', and you will get a list of all the available indicators on the meta trader platform. Double-click on an indicator, and you will get a window with the indicator's preset values. Change any of the default values if you want to, then click 'ok'. Another method is to click on the indicator you want and drag it to the main chart. To see a list of custom indicators, just double-click on 'Custom Indicators'.

There is another usefulness to the navigator menu method. If you want two or more indicators to appear in the same window, drag the additional indicator(s) from the navigator menu into the same window you want it to appear. On the chart below, MACD and RSI are placed in the same window. 

indicators in same window


How to install custom metatrader indicators?

Indicators for meta trader4 comes in the extension .mq4. For example: rsi.mq4.
Once you have installed metatrader from your broker's website, look for your broker's folder on your computer. Usually, it's in the C:\Program Files\XXX\, where XXX is the name of your broker, unless you've changed the location during installation.

Double-click on the folder XXX, and you get a list of folders. Double-click on the folder 'experts', then on the folder 'indicators'. This folder is where you will insert your custom indicators in. Download, then copy and paste into this folder. The directory where you will include all your custom indicators, thus:

C:\Program Files\XXX\Experts\Indicators\

If you insert the indicators while metatrader is still open, you will not be able to see the new indicators. Close metatrader and re-open.

That's it!

 


 

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