MT5 Stock Platform MetaEditor Tutorial: Adding Custom Technical Indicators
MT5 Command Line - The MetaEditor language Editor is a programming environment on the MT5 that stock traders can use to add new MT5 Custom Indicators, Scripts, Libraries and Include Files which are used in MT5 programming - MT5 Command Line Programming Editor. The MT5 Stocks Platform MetaEditor or MT5 Command Line MetaEditor is commonly used by Stocks Traders who use Automated Stocks Automated Stock Expert Advisors to place stock trades. In this Best MT5 Custom Indicators stocks tutorial we shall look at how to add a custom indicator on the MT5 platform using the MetaEditor, to learn how to add a new MT5 Automated Stock EA Automated Stocks Robot you can navigate to the: Adding a new MT5 Automated Stock EA Stocks Guide.
The MT5 online stock trading platform Meta-Editor environment is displayed below.
MetaTrader 5 Online Stocks Platform MetaEditor Environment - MT5 Command Line
MetaEditor Menu - MetaTrader 5 Command Line Meta-Editor Menu
On MetaTrader 5 platform, after adding a Stocks Indicator a trader will require to compile this newly added stocks custom indicator item so that it can now be recognized by the MT5 Stocks Platform and start to appear on the MT5 platform Navigator Window in the MT5 Custom Indicators Sub Menu.
Adding a New Stock Trading Custom Indicator on MetaTrader 5 Platform
After you have opened the MetaQuotes Language Editor - Stocks Platform MT5 Command Line MetaEditor - on your stock platform as displayed above (Keyboard ShortCut Key - Press F4), you can then follow steps below:
Step1: Go To File Menu, Then Choose 'New'
Adding Custom Indicators on MT5 Platform - How to Add MT5 Custom Indicators Stock - Stock MT5 Command Line
Step2: On the Popup window that appears on your screen choose "Custom Trading Indicator" & then click next
Adding Custom Indicators on MT5 Platform - Add MT5 Custom Stocks Indicators
Step3: Select & Enter a Name as Shown Below and then Click Next
Creating Custom Stock Indicator in MT5
Step4: Specify if the MT5 Custom Technical Indicator is to show on a separate panel or not, Then Click Finish
Creating Custom MT5 Indicator - How to Create Stock MT5 Custom Indicators
For an MT5 custom indicator that is a stocks price overlay - do not check this box, and for an oscillator custom MT5 Indicator - for example oscillators such as the RSI indicator or Stochastic Oscillator - check the above option.
The Following Program will popup on the stock trading platform MetaEditor Window
Adding Stock MT5 Custom Indicators in MT5
To program a customized MT5 custom indicator it requires that you're a coder who knows C + + Object Oriented Programming Language, which is the programming language that the MQL4 programming language uses in the programming of the MT5 software. Or you can find the community of MQL4 Programmers and they can program the MT5 Custom Indicator for you.
Step4: Compile
Do not forget to compile, for MT5 Stocks custom indicator to be recognized by the MT5 stocks platform: a trader must compile the program - custom indicator program, then close and restart the MT5 stock platform, just like restarting your computer - you will restart MT5 stock platform so that the newly added stocks custom MT5 indicator can start appearing and be listed on the MT5 Navigator Window - MT5 Custom Indicators Sub Menu.
Compile New Custom Indicator on The MT5 Online Stocks Platform
If there are no Errors, the stocks MT5 custom indicator will be compiled successfully without any error as shown above.
Step5: Restart MT5 Stocks online trading software & the new MT5 stocks custom indicator should now be listed on the MT5 Navigation Menu as shown below and you can start trading with newly added MT5 custom indicator.
New MT5 Custom Indicator Added To The Stocks Platform - MT5 Custom Indicators
How to Add a Downloaded Custom Indicator on MetaTrader 5
If you download MT5 custom technical indicator from a source on the inter-net for example on www.tradeforextrading.com, and it is now on your computer - to add it to the MT5 platform, follow the steps below:
Step 1: On File Menu of the Meta-Editor, Choose 'Open'
Open a Downloaded Stocks Indicator Using Meta-Editor - Stocks Indicators MT5 Custom Indicators
Step 2: Locate the Download Folder from the Pop-up panel that pops up as displayed below.
Step 3: Once you open the download MT5 custom indicator that you have downloaded from an internet source it will be displayed on the MetaEditor MT5 Work Space - you can then follow the above procedure for compiling the download MT5 custom indicator, once it is compiled without errors, restart your MT5 platform and it will now be added on the stock trading platform navigator menu and you can begin to trade with it on your MT5 Stocks Platform.
MT5 Custom Indicators Stock - MT5 Stock Custom Technical Stock Indicators.
