The Tipu Renko Live indicator is a popular and free Metatrader 4 (MT4) Forex indicator that is useful for traders of all levels. This indicator is based on the Renko charting technique which is used to identify and follow trends. The Tipu Renko Live indicator is designed to help traders to identify and follow trends in the Forex market. It uses a combination of price action and volatility to generate signals when the market is trending. The indicator also has an alert feature that can notify traders when a new trend is starting or ending. The Tipu Renko Live indicator is easy to use and can be easily integrated into any trading strategy. It works by plotting a series of Renko boxes on the chart which are used to identify and follow trends. The indicator also has a built-in alert feature that can notify traders when a new trend is starting or ending. The indicator is also highly customizable, allowing traders to adjust the parameters to suit their individual trading style. The Tipu Renko Live indicator is a great tool for traders who want to identify and follow trends in the Forex market.
MT4
Tipu Renko Live
The Tipu Renko Live Indicator is a popular and free Forex indicator for the MT4 trading platform. It is based on the Renko chart which uses price movements and not time to display price movements. The indicator is composed of two lines, one for support and one for resistance. The indicator is easy to install and use and is a great tool for any 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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