The FXM Fish Indicator is a popular and free Forex trading indicator for the MT4 platform. It is a useful tool for traders of all experience levels looking to gain an edge in the Forex market. The indicator is designed to identify and visualize trend reversals, providing traders with a way to enter and exit the market at the optimal time. The indicator works by plotting a series of colored lines on the chart to indicate the direction of the current trend. When the lines move in the same direction, the trend is considered to be strong. When the lines move in opposite directions, the trend is considered to be weak. The indicator also plots a series of arrows to indicate when a trend reversal is likely to occur. This allows traders to act quickly and take advantage of any potential opportunities. The indicator can be used to identify and confirm entry and exit points in the market, as well as to identify potential trading opportunities.
MT4
FXM Fish
The FXM Fish Indicator is a useful and popular free forex indicator for the MT4 trading platform. The indicator works by plotting a line of support and resistance levels on the chart, which can be used to help identify potential entry and exit points. The indicator is easy to install and use, and can be a valuable tool for any forex trader.
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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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