The FX Candlestick Patterns indicator for MT4 is a useful and popular free tool for analyzing Forex markets. It is designed to identify and display different candlestick patterns on the chart, helping traders to make informed decisions about their trading strategy. The indicator is easy to use: simply add it to any MT4 chart and it will automatically display any of the supported candlestick patterns. The indicator is designed to identify and display a wide range of popular candlestick patterns, including the Doji, Hammer, and Shooting Star. It can also identify more complex patterns such as the Harami and Three Inside Up/Down. With each pattern, the indicator will display the name of the pattern, the direction of the pattern, and the strength of the pattern, helping traders to quickly and easily identify potential trading opportunities. With its ability to quickly and easily identify different candlestick patterns, the indicator is a great way for traders to gain a better understanding of the markets and make more informed trading decisions.
MT4
FX Candlestick Patterns
This free Forex indicator is an incredibly useful tool for MT4 traders who want to identify popular candlestick patterns. It can be used to spot the most popular patterns, such as the Hammer, Shooting Star, Engulfing, and Piercing patterns. It is free to download and use, making it an ideal tool for any trader who wants to maximize their trading success.
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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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