The Direction Indicator is a popular and free Forex indicator that is available for use on the MT4 platform. This indicator is a useful tool for traders who want to identify potential trading opportunities in the Forex market. The Direction Indicator is designed to provide traders with a visual representation of the direction of the market, allowing them to make informed decisions when entering or exiting a trade. The Direction Indicator works by analyzing the price action of a currency pair and then displaying an arrow on the chart to indicate the direction of the trend. If the arrow is pointing up, it indicates that the currency pair is in an uptrend. Conversely, if the arrow is pointing down, it indicates that the currency pair is in a downtrend. The Direction Indicator also provides traders with an indication of the strength of the trend, with a longer arrow indicating a stronger trend. This indicator is easy to use and is available for free on the MT4 platform. As a result, it is a popular choice among Forex traders.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Direction-Indicator-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Direction-Indicator-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Direction-Indicator-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/Direction-Indicator-screenshot-3-230x144.png)
Direction
The Direction Indicator is a popular and free Forex indicator available on the MetaTrader 4 (MT4) platform. The Direction Indicator works by analyzing the price movements of a certain asset and plotting the trend direction on the chart. It can also be used to identify potential entry and exit points, allowing traders to make informed decisions when entering or exiting a position. It can be applied to any chart and provides alerts when the trend changes, making it a useful tool for traders who want to make informed decisions when entering or exiting a position.
Trading Style | , |
---|---|
Indicator Type | |
Platform | |
Timeframe | , |
0
People watching this product now!
Downloads - 88
Description
Reviews (0)
Be the first to review “Direction” Cancel reply
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.
Related products
Schaff Trend Cycle
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
Support Resistance Breakout Arrows
Unlock profitable trading opportunities with the Support Resistance Breakout Arrows indicator for MT4. It generates precise buy and sell signals using Fractal, CCI, and RSI. The indicator also automatically marks significant support and resistance levels, helping in trend analysis. Benefit from clear entry signals, customizable settings, and compatibility across various time frames for daily and long-term traders.
Tick V2
The Tick V2 Indicator is a new and popular forex indicator designed specifically for the MT4 platform. The green curved line in the indicator window represents the ticking line and shows the rise and fall of trading activities taking place every second, helping traders to determine the strength or weakness of the current market movement.
MA Crossover Alerts
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
Reviews
There are no reviews yet.