The Day Channel Mix Edition is a free and popular Forex indicator for the MT4 platform. It is a useful tool for traders of all levels who are looking for an easy way to analyze the markets. This indicator allows users to quickly identify potential entry and exit points, as well as identify trends. It does this by combining several indicators into one, making it easier to read and interpret. The Day Channel Mix Edition works by combining the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Momentum indicators into a single chart. This creates a powerful visual representation of the markets, allowing traders to quickly identify potential entry and exit points. The indicator also looks for divergences in price and momentum, which can be used to identify potential reversals. It can be used to quickly identify potential entry and exit points, as well as identify trends. It is also easy to use, so even novice traders can quickly get up to speed and start using it.
MT4
Day Channel
The Day Channel Mix Edition is a useful and popular free Forex indicator for the MT4 platform. The indicator works by combining two different time frames, allowing traders to quickly identify the strongest trends on any chart. It is a popular tool among traders, as it can help them identify and capitalize on strong moves in the 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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