The ASC Bars Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify trend reversals in the Forex market. The indicator uses a combination of two Moving Averages and a Relative Strength Index (RSI) to detect changes in market momentum. When the RSI crosses above the Moving Average, it is a signal that the trend is reversing. The indicator also provides visual cues, such as a red line when the RSI is below the Moving Average, and a blue line when the RSI is above the Moving Average. The indicator is easy to use and provides traders with an easy way to identify potential trend reversals. It can be used to detect when a currency pair is overbought or oversold, which can be used to enter or exit trades. The indicator can also be used to identify potential support and resistance levels. The indicator can also be used to identify potential support and resistance levels.
MT4
ASC Bars
The ASC Bars Indicator is a popular and free Forex indicator for the MT4 platform. The indicator can be used to identify overbought and oversold situations in the market, and it can also be used to identify support and resistance levels. The indicator is a great way to stay on top of the market and make informed 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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