Of course, you can develop you own custom forex indicator. But it requires some programming knowledge and skills in MQL4. You can create custom indicators in program called MetaEditor. Read and learn this programming language on MQL4 website. Follow these steps to open Meta Editor: Open your MT4 platform,Estimated Reading Time: 11 mins Jan 23, · To add an indicator, just click Add then input the necessary fields in the pop-up window. In this example, I’ll just make use of the SMA and leave the rest of the default parameters as is. Just double click on each field to edit its name, value or type. The next step should allow you to determine the trailing stop for your forex blogger.com: Robopip Feb 20, · A Script is a short program code that is intended to perform a single action. It is the simplest type of MQL4 program. Unlike an indicator and expert advisor that works continuously, a script only functions once. It stops after completing the task. A script is created, setup, and launched in the same manner as custom indicators and blogger.coms: 6
7 Best Forex Indicators For [Beginners & Experienced Traders]
Alex 1 Comment. Having good custom Forex indicators that identify trading signals is a good way to optimize aspects of your trading. To create custom indicators, one has to use MetaQuotes Language 4 MQL4 and MetaEditor. At creation of the MQL4 program, the Experts Wizard that allows to create new MQL4 programs will open automatically.
Then it is necessary to decide whether the new indicator will be created in a separate sub-window and what range it will have. Besides, it is necessary to define the amount and parameters of the indicator arrays. Values of their elements are used to draw lines in the chart, creatting a forex indicator program. In other words, when indicator arrays are defined, the lines of the future indicator are defined, too. After that, the window of the new indicator with the defined settings will open.
From this point onwards, one can start to write the text of the indicator. After the indicator has been developed, it must be compiled.
At that, the MetaEditor will open where the selected indicator source code has already been downloaded. After this code has been changed, one will have to recompile it and get a new executable EX4 file.
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1.1. How To Create Indicators In MetaTrader 4
, time: 6:36Best Custom Forex Indicators For MT4 That Show Trading Signals

Foxzard builder is an online tool that allows you to create your own indicators for the MetaTrader and TradingView platforms. Combine common indicators into your own unique signal. No programming experience required. Sign up now and create your first signal in seconds Of course, you can develop you own custom forex indicator. But it requires some programming knowledge and skills in MQL4. You can create custom indicators in program called MetaEditor. Read and learn this programming language on MQL4 website. Follow these steps to open Meta Editor: Open your MT4 platform,Estimated Reading Time: 11 mins Jan 23, · To add an indicator, just click Add then input the necessary fields in the pop-up window. In this example, I’ll just make use of the SMA and leave the rest of the default parameters as is. Just double click on each field to edit its name, value or type. The next step should allow you to determine the trailing stop for your forex blogger.com: Robopip
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