The PSAR MTF Indicator for MT4 is a highly useful forex indicator that is popular among traders worldwide. This free indicator allows traders to identify potential reversals in the market, enhancing their decision-making process. The PSAR MTF Indicator works by plotting dots above or below the candlesticks, indicating potential trend reversal points. It uses the Parabolic SAR (Stop and Reverse) calculation, which factors in the highest high and lowest low of previous candles. The indicator then plots the dots, with dots above the candlesticks suggesting a downtrend reversal and dots below indicating an uptrend reversal. In summary, the PSAR MTF Indicator for MT4 is a popular and useful forex indicator that provides traders with valuable insights into potential trend reversals. It is a powerful tool for enhancing trading strategies and can be used in combination with other indicators for increased accuracy. Best of all, this indicator is available for free, making it accessible to traders of all levels.
MT4
PSAR Indiactor
The PSAR MTF Indicator for MT4 is a popular and useful forex indicator that is available for free. This indicator utilizes the Parabolic SAR (Stop and Reverse) algorithm to identify potential price reversals in the forex market. It provides traders with a visual representation of the SAR dots on multiple timeframes, allowing them to spot trends and 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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