What is the MT4 template?Indicator For Forex Trading
A template, as the name suggests, allows you to save your chart settings. Once a template is saved, you can then apply this to just about any chart or instrument.
A template allows you to build custom chart type, cosmetic features such as colors, etc. The template can also allow you to save your chart drawings and indicators as well.
In the first chart below you can see that the colors and also the chart type are different. This is nothing but two different templates applied to the same instrument.