Advanced guide to metatrader4-custom indicators




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Advanced guide to metatrader4-custom indicatorsAdvanced Guide To MetaTrader 4 - Custom Indicators

Custom Indicator Creation

Indicators are used to analyze past and current price information to help traders predict future price movement. In addition to a wide variety of technical indicators included in the platform, traders can create their own Custom Indicators based on specified factors. In MT4, Custom Indicators are created, setup and launched using the same process as Experts (see the Expert Advisor Creation section of this tutorial). To open the Experts Wizard, right-click Custom Indicators in the Navigator window and select "Create," as shown in Figure 12.