This article is for beginners who want to learn how to install metatrader 4 indicator.
I experienced a similar procedure when I was beginning to trade forex and from the start… and trust me, it tends to be very overwhelming,
Step 1: Download required Indicator and Save it to Computer?
Go to Indicator download page and click download to the required indicator. It will download *.mq4 or *.mt4 extension. Most of the time when you click to download, it will automatically download to the “Downloads” folder in your computer.
Step2: Open metatrader
go to File Menu Click on “Open Data Folder”
Step 3: Go to Required Folder
After opening data folder following directory structure you can see.
Step 4: Open MQL4 Folder
It will show several Folders like below
Step5: Open “Indicator” Folder.
Following directories and file structure in Indicator Fold
Step 6: Paste / Put your ex4 or mq4 file in Indicator Folder.
Step7: Close Meta Trader and Start it.
After restarting following window shows indicator list.
Just Drag any indicator from left navigation bar to Chart.
If you do not see navigation bar then you can press Ctrl+N to hide/show navigation Bar.