The Second Chart Indicator is a useful and popular free Forex indicator for the MT4 platform. It is designed to help traders identify trends and make more accurate trading decisions. The indicator works by drawing two charts on the same timeframe. The first chart shows the price action for the current period, while the second chart shows the price action for the previous period. This allows traders to quickly compare the current price action to the previous price action. This can be used to identify trends and make more informed trading decisions. The Second Chart Indicator is easy to use and can be implemented in a variety of ways. It can be used to identify trends in the market, as well as to identify potential entry and exit points. Traders can also use the indicator to identify support and resistance levels. Additionally, the indicator can be used to identify potential reversals in the market. The Second Chart Indicator is a popular and useful tool for traders of all experience levels. It is easy to use and can be implemented quickly. Additionally, it provides traders with valuable insight into the market and can help them make more informed trading decisions. If you are looking for a free and effective Forex indicator for the MT4 platform, then the Second Chart Indicator is a great choice.
MT4
Second Chart
The Second Chart Indicator is a useful and popular Forex indicator that can be used with the MT4 platform. It is free to use and can provide traders with a great way to analyse the Forex markets. The indicator works by plotting a second chart on top of the main chart, allowing traders to view the same chart in two different ways. This can be useful for spotting trends, reversals, and other market movements. Overall, the Second Chart Indicator is a great tool for Forex traders of all levels and is a great way to gain an edge in the markets.
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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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