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Difference between normal indicator and custom indicator

Discussion in 'Beginners Bootcamp' started by nence, Mar 20, 2014.

  1. nence

    nence Private, 1st Class

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    Hi guys,
    Can someone please explain to me the difference between an indicator and a custom indicator.
    Some Indicators are under both Indicator and Custom Indicators, but the settings windows are different?!
    Thank a lot! ;)
     
  2. nence

    nence Private, 1st Class

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    Hi everyone!
    Can you please explain to me, in few words, what is the difference between an indicator and a custom indicator... I noticed that some indicators show under both "normal" and custom indicators tab, but the settings windows are quite different...
    Thanks a lot! :D
     
  3. ilearn2t

    ilearn2t Sergeant Major

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    Hello nence

    The "custom" indicators can be improved by modifying, adding or changing codes to them in your MetaEditor while the default indicators can only be modified using the inputs window.

    Good luck
    ilearn2t
     
    3 people like this.
  4. Alonedevils

    Alonedevils Master Sergeant

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    Basically Custom Indicator Is From Original MT4 Indicator, But Some People Edited Some Value and Period or Other Thing For Their Trading Style ..
     
  5. schonsophia

    schonsophia Private

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    Wow! I was about to ask the same thing, but I am glad that I end up reading this thread. @Alonedevils, I totally agree with you.
     
    2 people like this.
  6. Alonedevils

    Alonedevils Master Sergeant

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    Dont Too Confuse With Indicator Out There .. :D
     
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  7. ilearn2t

    ilearn2t Sergeant Major

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    Hello Alonedevils

    Did you know most of today's "Forex" indicators were built over 30 years ago for the "stock market", some even dating back 100 years or more.

    Maybe the reason some traders have a dislike towards them ?

    Good luck
    ilearn2t
     
    2 people like this.
  8. Alonedevils

    Alonedevils Master Sergeant

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    Yeah Liz,
    Like Relative Strength Index By J. Welles Wilder Built When He On The Stock Market, Release On 1978, But I Think That Indicator Is Born Before That Year.
    Some Trader Dislike ? You Mean dislike using indicator ?
     
  9. undertaker

    undertaker Sergeant

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    I think some custom indicators were created new, not an edition of exist custom indicator.
     
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  10. Alonedevils

    Alonedevils Master Sergeant

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    Give Me Some Example ...
     

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