The Colour SAR Indicator is a useful Forex indicator for MT4 traders. It is a popular tool that helps traders to identify the trend direction of a currency pair. The indicator is free and can be used to identify the market trend direction. The Colour SAR Indicator uses the Parabolic SAR indicator to identify trend direction. The indicator plots a series of dots on the price chart, which indicate the trend direction. The dots are coloured green for an uptrend and red for a downtrend. This makes it easy to identify the trend direction. The Colour SAR Indicator is easy to use. All you need to do is to attach the indicator to your chart. Once the indicator is attached, the dots will be plotted on the chart. By looking at the colour of the dots, you can identify the trend direction. If the dots are green, it indicates an uptrend. If the dots are red, it indicates a downtrend. It is easy to use and can be used to identify the market trend direction. The indicator is free and can be used with MT4 trading platforms.
MT4
Colour SAR
The Colour SAR Indicator is a free and popular Forex indicator for the MT4 trading platform. The Colour SAR indicator works by plotting two dots on the chart, one for a bullish trend and the other for a bearish trend. The indicator is free to download and use, making it one of the most popular Forex indicators available.
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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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