The Trend Market Reversal Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify when a trend is about to reverse, allowing them to make timely and profitable trading decisions. The indicator works by analyzing price movements and volume to identify potential reversals in the market. It looks for patterns in the data that suggest a trend is about to change direction. For example, it may detect a sudden drop in price and volume, or a sudden increase in price and volume. These patterns can indicate that the current trend is about to reverse. The indicator also provides traders with additional features such as alerts, so they can be notified when a reversal is detected. This allows traders to make quick decisions and take advantage of the reversal.
MT4
Trend Market Reversal
The Trend Market Reversal Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders looking to identify potential reversals in the Forex market. It uses a combination of technical analysis and price action to identify potential entry and exit points. It is a great tool for both novice and experienced traders alike and can be used to help identify potential opportunities in the Forex market.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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