The My Squeeze Light Indicator is an incredibly useful tool for Forex traders. It is a popular and free MT4 indicator that helps traders identify potential entry and exit points in the markets. The indicator works by analysing the momentum of the market and comparing it to the average range of the last several bars. When the momentum is higher than the average range, it gives a signal to enter the market. When the momentum is lower than the average range, it gives a signal to exit the market. This makes it a great tool for traders looking to get in and out of the markets quickly. The My Squeeze Light Indicator is easy to use and understand. It shows up as a line on the chart, which is green when the momentum is higher than the average range and red when the momentum is lower. The My Squeeze Light Indicator is one of the most popular and useful MT4 indicators available, and it is highly recommended for any Forex trader.
MT4
My Squeeze Light
My Squeeze Light Indicator is a free and popular Forex indicator that is useful for MT4 traders. It displays arrows on the chart when the price breaks out of the Bollinger Bands or Keltner Channels, signaling a possible trade opportunity. With this indicator, traders can easily identify potential trading opportunities and make informed trading decisions.
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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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