The VTS Setka Indicator is a free and popular MT4 Forex indicator that is useful in helping traders identify high-probability trading opportunities. The indicator is a combination of two different moving averages that are designed to identify the trend and the momentum of the market. The indicator is easy to use and can be used on any time frame. When the two moving averages are below the zero line, it indicates a downtrend in the market. When the two moving averages are above the zero line, it indicates an uptrend in the market. The indicator is also able to identify when the trend is losing momentum, allowing traders to identify potential trading opportunities. The VTS Setka Indicator is a great tool for traders of all levels. It is easy to use and can help traders identify high-probability trading opportunities. The indicator is also free and can be used on any time frame.
MT4
VTS Setka Indicator
VTS Setka Indicator is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. This useful tool is designed to help traders make informed decisions about their trades. It displays the current trend of the market, as well as potential entry and exit points. This makes it a great tool for any trader looking to get an edge in the Forex market.
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Description
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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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