The Candle Movement Monitoring Indicator is a useful tool for forex traders using the MT4 platform. This popular and free indicator assists traders in monitoring candle movement and analyzing market trends efficiently. With its easy-to-use interface, traders can quickly identify key candle movements and patterns, allowing for informed decision-making. The indicator works by calculating and displaying real-time candlestick information, including open, high, low, and close prices, directly on the MT4 chart. Traders can customize the indicator’s settings to suit their specific trading strategies and preferences. It allows users to set their desired time frames and color schemes, enhancing visibility and clarity. To use the Candle Movement Monitoring Indicator, traders simply need to install it on their MT4 platform and attach it to the desired chart. The indicator will automatically scan and analyze each candle’s movement, providing valuable insights into market dynamics. With this reliable tool, traders can efficiently track candle patterns and identify potential entry and exit points, contributing to improved trading performance.
MT4
Candle Movement Monitoring
Candle Movement Monitoring Indicator is a useful forex indicator for MT4, popular among traders due to its free availability. This indicator accurately tracks and monitors candle movements, providing traders with valuable insights into trend reversals and market direction. Without any promotions, this description aims to provide an informative overview of the indicator, helping traders understand its functionality and how it can be effectively utilized in their forex trading strategies.
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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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