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Rosh -
I'm sorry, when starting from the start command with /portable it works fine from TERMINAL_PATH.
Can the indicator be operated from a sub-folder in TERMINAL_PATH(D:\Program files\MetaTrader 5\Indicators\My Indicators)?
Yes, certainly. Just remember you should specify indicator name properly if you use iCustom():
[in] The name of the custom indicator, with path relative to the root directory of indicators (MQL5/Indicators/). If an indicator is located in a subdirectory, for example, in MQL5/Indicators/Examples, its name must be specified like: "Examples\\indicator_name" (it is necessary to use a double slash instead of the single slash as a separator).
Thank you