How to install an indicator on MT4

Sep 30, 2016

Indicators help to interpret your chart or make it easier to perceive what they represent. Below you'll find a short explanation on how to install an indicator on MT4. There are thousands of indicators that help you see your charts in a different light or make things easier to see. They can be divided into a few categories: trend indicators, oscillators, volume indicators and a few more. All of these indicators have different parameters of reliability, efficiency, lagging and others.

The Installation step by step

Locate the indicator you want to add to MT4 and copy that file (Right-click "copy" or select it and press "CTRL+C" on your keyboard). If you have downloaded it, it will most likely be in your "Downloads" folder.

Open the "Data" folder in MT4

A window will open up. In this window open the "MQL4" folder

Open the "Indicators" folder

Paste the copied file(s) from step 1 into this folder (Right-click "paste" or select it and press "CTRL+v" on your keyboard).

Close MT4 and open it again (this is needed to load the indicator in the software's library).
Once opened click "Insert" -> "Indicators" -> "Custom" and select the indicator you just installed.

A window will pop up. Click "ok"

Your indicator should now be visible on your chart.

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