The Linear Price Bar Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). It is designed to help traders analyze market trends and identify potential buy and sell opportunities. The indicator is composed of two lines – the price line and the linear line. The price line shows the current price of the currency pair, while the linear line is a moving average of the price line. When the linear line is above the price line, it indicates a downward trend, and when it is below the price line, it indicates an upward trend. The Linear Price Bar Indicator can be used in a variety of ways. For example, it can be used to identify entry and exit points for trades, as well as to identify potential reversal points. It can also be used to help traders identify support and resistance levels. Additionally, the indicator can be used to identify momentum and trend strength. The Linear Price Bar Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders analyze market trends and identify potential buy and sell opportunities. By adjusting the period of the linear line and the color of the lines, traders can customize the indicator to suit their preferences.
MT4
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Linear Price Bar
The Linear Price Bar Indicator is a popular and free Forex indicator for MT4 trading platforms. It is a useful tool to help traders identify support and resistance levels and is particularly helpful for those who are looking to make quick decisions in a fast-moving market. The indicator also helps traders identify potential entry and exit points, as well as potential stop loss and take profit levels. Overall, the Linear Price Bar Indicator is a simple yet powerful tool that can help traders make informed decisions 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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