The Flattrend SMC Modified Forex indicator is a powerful and useful tool for traders who use MetaTrader 4 (MT4). It is a popular and free indicator that can be used to analyze and trade currency pairs. The indicator is designed to identify and analyze trends in the market, helping traders make more informed decisions. It uses an algorithm to calculate the direction of the trend and displays the trend on the chart in the form of a line. The line is color coded, so traders can easily identify the direction of the trend. The indicator can be used to identify short-term and long-term trends, as well as to identify potential trading opportunities. It can be used to identify entry and exit points, and to identify potential support and resistance levels. The indicator is also useful for identifying potential reversals in the market. The indicator can also be used to identify overbought and oversold conditions in the market. The indicator is also highly accurate and reliable, making it a popular choice among traders.
MT4
Flattrend Smc Modified
The Flattrend SMC Modified forex indicator is a popular and useful tool for traders using the MetaTrader 4 (MT4) trading platform. The indicator works by plotting a line on the chart that is calculated using the current market price and the average price over a given period of time. This indicator is a great tool for traders looking to capitalize on short-term trends in the forex market.
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Category: Signal
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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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