The Profitunity Bars Forex indicator is a popular and useful MT4 tool for traders. It is free to download and helps traders to identify entry and exit points in the market. The indicator is based on the Bill Williams Chaos Theory and helps traders to recognize the direction of the trend. The Profitunity Bars indicator works by plotting a series of bars on the chart. Each bar represents a certain level of price action. The bars are color-coded, with green indicating an uptrend and red indicating a downtrend. The indicator also displays a histogram which shows the strength of the trend. The indicator is easy to use and can be applied to any time frame. It is especially useful for day traders as it provides a clear indication of market direction. Traders can use the Profitunity Bars indicator to identify entry and exit points in the market. It is easy to use and can be applied to any time frame, making it a popular choice among day traders.
MT4
Profitunity Bars
The Profitunity Bars forex indicator is a powerful and useful tool for traders of all levels. This indicator is based on the principles of Bill Williams’ Profitunity trading system and uses various technical indicators to identify potential entry and exit points in the forex market. It is also highly customizable, allowing traders to adjust the settings to suit their individual trading strategies.
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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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