The quickest way to add an indicator without modifying its default settings is to simply drag and drop it from the Navigator window to the required chart.

If you wish to make specific changes to the default settings, please follow these steps:

  • Open the required chart
  • Click on the Insert>Indicator from the top menu OR double click on the indicator in question in the Navigator Window.
  • A pop-up window will allow you to modify the specific parameters.
  • When done, simply click OK.

{slider-level2 How do I install a custom indicator?} You can install custom indicators in a few easy steps:

  • Make sure the indicator has the extension .mql
  • Save the indicator to the following folder on your computer:
    C:\Program Files\Tier One FX MetaTrader 4\ experts\indicators\
  • Restart your MT4 platform and find the new indicator in the “Custom Indicators” folder within the Navigator window (on the lower left-hand side of the platform, just below “Market Watch”)

Then you can simply add it to your charts, following the steps set out above.