Indicators in MT4 and MT5 platforms are beneficial for the majority of traders. Indicators can remove noise from the data, point to essential breakouts, and show divergence.
We have default indicators in MT4 and MT5 Android apps, which is enough for most traders. However, one of the main questions is whether we can add custom indicators to the MT4 app or not.
How to Install Custom Indicator on MT4 Android App?
You can not install custom indicators on the MT4 Android platform because Android and iOs platforms do not allow changing the app’s code, and any preprogramming of the installed app is not allowed. Expert advisors, scripts, and indicators can not be added to the app, only to the MT4 or MT5 desktop platform.
See below my video that I made on youtube related to this topic:
How to install the MT4 App?
- Search for a wished broker. For example, Avatrade app, HFM app, Exness app, FXCM app, FxPro app, etc.
- Download and install the MetaTrader 4 app from the App Store for iOs or Google Play for Android phones.
- Open the app and log in to your account.
MT4 is a popular trading platform for those who want to trade in the financial markets. It has been around for years and is still one of the most popular platforms for traders. However, you can’t use it on your mobile phone. You need to install software on your computer to use the platform. The good news is that it’s easy to do this with MT4 mobile indicators because many different options are available today.
The first step is choosing which indicator you want to use on your computer or mobile device. Many different indicators are available today, including ones that help you see trends in the market. In contrast, others tell you when an asset may be overvalued or undervalued at any given time. These tools will provide valuable insight into how things work within these markets so that you can make better decisions about whether or not someone should buy something right now or wait until prices fall even further before purchasing anything!
Will we be able to install custom indicators in MT4 in the future?
No. Developers in the MetaTrader space realize that professional traders only use expert advisors, custom indicators, and scripts on Desktop Metatrader platforms. The mobile device is for monitoring and sometimes for closing or opening new positions. Current indicators are entirely enough for trading.
However, some brokers plan to add new indicators in the trading app, so, in the future, we will see more and more indicators, so there will be no need to add custom indicators from our side.