The Vinini MV MA WPR Indicator is a useful and popular free Forex indicator for MT4. It uses a combination of Moving Averages and Williams Percent Range (WPR) to provide traders with a good overview of the current market trend. The indicator shows the trend direction of the market, as well as the strength of the trend. It also helps traders identify potential entry and exit points. The indicator works by calculating the moving averages of the price and the WPR. The moving averages are used to determine the trend direction, while the WPR is used to measure the strength of the trend. If the WPR is above 0, it indicates that the current trend is bullish. On the other hand, if the WPR is below 0, it indicates that the current trend is bearish. The indicator also shows the support and resistance levels, which can be used to identify potential entry and exit points.
MT4
Vinini MV MA WPR
The Vinini MV MA WPR indicator is a powerful and useful tool for Forex traders. It is a popular indicator for MetaTrader 4 (MT4) and is available for free. The indicator combines the Moving Average (MA) and Moving Volume (MV) indicators to provide a powerful signal for entry and exit points. It also uses the Williams Percent Range (WPR) to identify overbought and oversold levels. It is a reliable and accurate indicator that can be used to 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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