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.

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.

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

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!
|