How to Insert a Custom Indicator to Metatrader Platform

Custom indicator is an indicator which has been customized by a programmer for a certain task. How to know which one is an indicator file ? Well an custom indicator file has an extension of .ex4 or .mq4. What is the difference between these to file extension? .ex4 is a compiled version means you can only use it you can't change it but the .mq4 is the source code there for you can change it by using the MQL programming language.

Now how to insert this custom indicator into our Metatrader Chart ?

Step1
First you must have a custom indicator file with you. For this example I will use FiboPiv_v2.ex4 as the custom indicator.

Step2
Close your Metatrader Platform.

Step3
Copy the custom indicator into this folder (I am using Alpari metatrader)
C:\Program Files\MetaTrader - Alpari UK\experts\indicators

Step4
Open your Metatrader

a) Open a chart
b) From the Menu, select INSERT -> INDICATORS -> CUSTOM and select the new custom indicator you just copied. For this example it was FiboPiv_v2

c) Upon selecting the indicator you will get a small window, just click OK.

 d) Now you should have the new custom indicator on your chart.

I hope this has given you some idea how to insert an custom indicator into your Metatrader Platform.

Good Luck.

Cheers,

Mike PS