Access the Indicators Configurator through these steps:

  • Click on Select a Configuration
  • Select one of your custom configurations
  • Click Edit
  • Click on the left panel (i.e. Scanner Panel)
  • Click on the right panel (i.e. Scanner)
  • Click on the + sign next to Indicator to Show 

The following window is shown.

There are two main indicators: standard MT4 indicators and custom MT4 indicators.

On the top, you can select a standard indicator first selecting the category, then the indicator, as follows.

At the bottom, you can select a custom indicator from the disk, in that case, the indicator is not brought with the configuration, so if you want to use it in another MT4 instance you have to be sure you have the custom indicator installed. 

Start analyzing standard indicators.

On the top, you have the possibility to change the indicator.

When a standard indicator is added all its parameters are shown, you can change them or leave the default value prepopulated. For example, for Moving Average (MA) we have period, shift, method, and applied price.

At the bottom, we have the indicator shift, this sets which indicator bar has to be used, 0 means the current bar, while 1 is the last consolidated bar (for that reason we suggest using this one).

Finally, at the bottom, there is a button to instantly schedule an assistance call.

While for a custom indicator, we have

On the top, you have the possibility to change the indicator.

One of the most important things is the indicator line, in fact, some indicators return more than one line/value (e.g. MACD has MACD and Signal), select which one to use, change the line field, the line number you want to use is the position number of that line in value inside standard MT4 data window (e.g. if you want to use MACD select 1, to use Signal select 2).

Since there is no way to know which are the parameters, a generic name for them is put in, so the parameters have to be inserted in the same order as they appear on MT4 when you try to add them.

For each parameter you can set up if it's a string or a number, however, if your indicator has a dropdown parameter, its value is a number, not a string. The corresponding number is the position number of the value inside the dropdown (starting by counting from 0). If your indicator has a boolean parameter (i.e. true/false) you have to insert the parameter as a number putting 1 for the true value and 0 for the false value.

If you want you can use default indicator parameters just enabling "use default parameters values".

If you have less than 10 parameters you can leave 0 on exceeding. With more than 10 parameters, for additional parameters default value will be used. If you need to change those parameters to build a bridge, contact us for more information.

The remaining parts of the configurations are analogous to standard indicators.

Let's try together to add a simple custom indicator: custom MACD.

Try to add it to a new MT4 chart, we will see the parameters order.

So parameter 1 is the Fast EMA Period.

So parameter 2 is the Slow EMA Period.

So parameter 3 is Signal SMA Period.

While for the line we can take a look at the MACD chart where we see two lines.

However to have a better view we can see the MT4 data window, it's better to use this view since some indicators do not show all lines in the previous view.

So indicator line 1 is MACD.

So indicator line 1 is Signal.

If we want to see the signal this will be our indicator configuration.

Note: since we used standard parameters we could check "use default indicator par".

Edit Indicators

To edit just click on 

and the configurator for that indicator will be shown.

Note: if you edit an indicator this will be changed everywhere used.