The Brooky Trend Strength Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is designed to provide traders with an easy-to-use tool to measure the strength of the trend. The Brooky Trend Strength Indicator is composed of two lines, the main line and the signal line. The main line is a smoothed Moving Average of the price, while the signal line is an exponential Moving Average of the main line. The indicator will display a buy signal when the main line crosses above the signal line and a sell signal when the main line crosses below the signal line. The Brooky Trend Strength Indicator also features a histogram that displays the difference between the two lines. When the histogram is positive, it indicates that the trend is strong and the market is likely to continue in the same direction. When the histogram is negative, it indicates that the trend is weakening and the market is likely to reverse direction. By using the Brooky Trend Strength Indicator, traders can easily identify when to enter and exit trades for maximum profits.
MT4
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Brooky Trend Strength
The Brooky Trend Strength Indicator is a popular and free Forex indicator for MT4. The indicator works by combining different trend strength indicators into one single indicator. It then uses this data to determine the overall trend strength and direction of the market. The Brooky Trend Strength Indicator is a popular and free Forex indicator for MT4 that provides traders with useful information about the current market conditions. It is also useful for identifying potential entry and exit points, helping traders to make informed trading decisions.
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Category: Stochastic
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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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