{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/learnpriceaction.com\/how-to-download-install-and-use-mt4-mt5-indicators\/#BlogPosting","mainEntityOfPage":"https:\/\/learnpriceaction.com\/how-to-download-install-and-use-mt4-mt5-indicators\/","headline":"How to Download, Install and Use MT4 & MT5 Indicators","name":"How to Download, Install and Use MT4 & MT5 Indicators","description":"Table of Contents ToggleHow to Install MT4 IndicatorsHow to Apply and Use Your MT4 IndicatorHow to Download and Install Indicators on Metatrader 5 \/ MT5How to Install Indicators MT5Applying Your MT5 Indicator on the Chart How to Install MT4 Indicators To install indicators on MetaTrader 4, follow these steps: 1: Download Your MT4 Platform NOTE: […]","datePublished":"2019-10-31","dateModified":"2021-01-20","author":{"@type":"Person","@id":"https:\/\/learnpriceaction.com\/author\/ohwellcarlosgmail-com\/#Person","name":"Investagal","url":"https:\/\/learnpriceaction.com\/author\/ohwellcarlosgmail-com\/","identifier":2,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/99f2bbeea61d996cedb7b2da01d709d36fff00a7cace7f15c5e390bbf2a4a716?s=96&d=wavatar&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/99f2bbeea61d996cedb7b2da01d709d36fff00a7cace7f15c5e390bbf2a4a716?s=96&d=wavatar&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Learn Price Action","logo":{"@type":"ImageObject","@id":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2018\/09\/Learn-Price-Action-Logo.png","url":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2018\/09\/Learn-Price-Action-Logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2019\/10\/indicators-folder.png","url":"https:\/\/learnpriceaction.com\/wp-content\/uploads\/2019\/10\/indicators-folder.png","height":338,"width":786},"url":"https:\/\/learnpriceaction.com\/how-to-download-install-and-use-mt4-mt5-indicators\/","about":["MT4 \/ MT5 Indicators and EA's","Stock Market and Forex Lessons"],"wordCount":521,"articleBody":"Table of ContentsToggleHow to Install MT4 IndicatorsHow to Apply and Use Your MT4 IndicatorHow to Download and Install Indicators on Metatrader 5 \/ MT5How to Install Indicators MT5Applying Your MT5 Indicator on the ChartHow to Install MT4 IndicatorsTo install indicators on MetaTrader 4, follow these steps:1: Download Your MT4 PlatformNOTE: If you do not yet have the correct MT4 \/ MT5 charts you can get free demo charts here.2: On the upper left corner you will see the \u201cFile\u201d button.\u00a0Click this and select the \u201cOpen data folder\u201d tab.\u00a0 \u00a03: A folder should pop up on your screen.\u00a0Navigate to the folder named \u201cMQL4\u201d.4: After that, navigate to the folder named \u201cIndicators\u201d.5: Drag and drop the indicators you want to install inside the \u201cindicators\u201d folder.\u00a0This can also be done through copy and paste or dragging straight into this location.6: Close the folder and your MetaTrader 4 platform7: Open the MetaTrader 4 platform and the indicators should be installed and ready to use.Note: Make sure to restart MetaTrader 4 after installing your indicators. How to Apply and Use Your MT4 IndicatorIn order to apply and use the indicator on your chart, follow these steps:Step 1: First, select the Forex pair or market you wish to use the indicator with.Step 2: Go to the \u201cInsert\u201d toolbar at the top of the platform.Step 3: Navigate to \u201cIndicators\u201d (if it is a custom indicator, then you can find it in the custom tab).Step 4: Select your indicator.Step #5: If a menu pops up to configure options, follow the instructions given by the indicator creator.Now, the indicator should be displayed on your chart ready to be used. How to Download and Install Indicators on Metatrader 5 \/ MT5How to Install Indicators MT5With MetaTrader 5, you can follow the same steps on how to install indicators to MT4 given above.The difference here is the file format. The MetaTrader 5 indicator file should end with .mq5 or .ex5.Step 1: On the upper left corner you will see the \u201cFile\u201d button. Navigate to it and select the \u201cOpen data folder\u201d tab.Step 2: A folder should pop up on your screen. Navigate to the folder named \u201cMQL5\u201d.Step 3: Navigate to the folder named \u201cIndicators\u201d.Step 4: Inside the indicator folder you can add the indicators you want to install.Step 5: Close the folder and the MetaTrader 5 platformStep 6: Open the MetaTrader 5 platform and the indicators should be installed and ready to use.Note: Make sure to restart MetaTrader 5 after installing your indicators. Applying Your MT5 Indicator on the ChartIn order to apply the indicator on your chart, follow these steps:Step 1: First, select the pair you wish to use.Step 2: Go to the \u201cInsert\u201d toolbar at the top of the platform.Step 3: Navigate to \u201cIndicators\u201d (if it is a custom indicator, then you can find it in the custom tab).Step 4: Select your indicator.Step 5: If a menu pops up to configure options, follow the instructions given by the indicator creator.Step 6: Make sure that the \u201cAllow DLL imports\u201d is checked and click ok.Now, the indicator should be displayed on your chart  "}