The Two Line Custom Signals Indicator is a useful and popular free indicator for the MetaTrader 4 (MT4) trading platform. It is designed to help Forex traders identify entry and exit points, as well as to provide visual confirmation of any trading signals. The indicator draws two lines on the chart – one for buy signals and one for sell signals. When the buy line crosses above the sell line, a buy signal is generated. Similarly, when the sell line crosses above the buy line, a sell signal is generated. The indicator can be used in a variety of ways, depending on the type of trading system you are using. For example, the indicator can be used to identify potential entry points, by looking for when the buy or sell line crosses above/below the other line. It can also be used to confirm the validity of a trading signal, by looking for a corresponding crossover between the two lines. The indicator is easy to set up and use, and is highly customizable, allowing traders to adjust it to suit their trading style.
MT4
Two Line Custom Signals
The Two Line Custom Signals Indicator is one of the most popular and useful Forex indicators for traders of all levels. It does this by displaying two lines on the chart. The first line is the signal line, which is calculated based on the closing price of the previous bar. This indicator is easy to use and is a great way for traders to identify potential trading opportunities in the Forex market.
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Category: Stochastic
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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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