Custom Chart Builder Indicator for MT4/MT5
Info
The Custom Chart Builder Indicator for MT4/MT5 is a Indicator for MetaTrader 5 that indicator for building custom charts based on user-defined formulas. Charts are drawn in bars of the timeframe specified in the indicator settings.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Custom Chart Builder Indicator for MT4/MT5
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Indicator for building custom charts based on user-defined formulas.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Point and Figure Charting Tool - another powerful indicator for MetaTrader 5 traders.
Indicator for building custom charts based on user-defined formulas.Charts are drawn in bars of the timeframe specified in the indicator settings. Charts of selected instruments are synchronized in time.
Also recommended: Memory Sequence: Synchronize Chart Time Windows - similar indicator with strong performance on MetaTrader 5.
Spaces in the formula are optional. Fractional numbers must be specified using a point.To avoid inconsistency in measurement units and to convert everything into the deposit currency, set the inpalign parameter to true.
Supported Operations, by Priority of Execution:
- Parentheses: (a ... b)
- Exponentiation: a ^ b
- Division: a / b
- Multiplication: a * b
- Addition: a + b
- Subtraction: a - b
Example of Application:
To find the separation between currency baskets for the last 1000 bars on the M1 chart:
inpdepth = 1000
inpperiod = period_m1
inpexpression = "3 * eurusd * 1.5 * audusd * gbpusd - (5 * audgbp - 2 * eurgbp) * 1.2 * chfgbp"
This results in a chart of the synthetic pair, with the condition of buying 3 lots of EURUSD, 1.5 lots of AUDUSD, and so on.
The idea for this indicator was adopted from MetaStock and MS Excel.
Last updated: 2026
You may also like: Any Indicator Alert: Notifications and Multi-Timeframe Alerts for Any Custom Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 clrblue
input int inpdepth = 1500;
input bool inpalign = true;
input enum_timeframes inptimeperiod = period_current;
input string inpexpression = "2 ^ (1 + eurusd.m) + eurusd.m / 3.5 * gbpusd.m";
#include <aiv/matrices.mqh>.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.