rrsch: This is really easy to do in TradingView – under the indicator options I can right click and say "Move to New window Below", and it pops into its own window beneath my chart. How do I do this same thing in MT4?
There is no such functionality in MetaTrader unfortunately. Indicators are applied to main chart or sub-windows and there they stay until you remove them.

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This is really easy to do in TradingView – under the indicator options I can right click and say "Move to New window Below", and it pops into its own window beneath my chart.
How do I do this same thing in MT4?