The Ichimoku Supp Res Forex Indicator is a popular and free MT4 indicator that is used to identify support and resistance levels in the Forex market. The indicator is based on the Ichimoku indicator which was developed by the Japanese journalist Goichi Hosoda in the late 1960s. The Ichimoku Supp Res indicator uses a combination of five moving averages to identify support and resistance levels in the market. The five moving averages are the Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and Chikou Span. The Tenkan-sen and Kijun-sen are used to identify short-term support and resistance levels while the Senkou Span A and Senkou Span B are used to identify longer-term support and resistance levels. The Chikou Span is used to identify the trend direction. The Ichimoku Supp Res indicator is a useful tool for traders to identify support and resistance levels in the Forex market. The indicator is easy to use and can be applied to any time frame. The indicator can be used to identify entry and exit points in the market. Traders can also use the indicator to identify potential trading opportunities. The indicator is also useful for identifying potential support and resistance levels in the market. The Ichimoku Supp Res indicator is a popular and free MT4 indicator that is used by many traders to identify support and resistance levels in the Forex market.
MT4
Ichimoku Supp Res
The Ichimoku Supp Res Forex indicator is a popular and free MT4 indicator that is useful for traders in the Forex market. The indicator works by combining several different indicators into one, including the Ichimoku Cloud, the Tenkan-Sen, and the Kijun-Sen. The Ichimoku Cloud is used to identify the trend, while the Tenkan-Sen and Kijun-Sen are used to identify support and resistance levels.
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Category: Price Action
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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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