The PAMA Gann Grid indicator is a popular and useful tool for forex traders using the MT4 platform. This indicator helps traders identify potential price levels and trends in the market, based on the Gann Grid theory. The Gann Grid is a technical analysis tool that uses geometric angles to predict future price movements. The PAMA Gann Grid indicator is free to use and can be easily downloaded and installed on the MT4 platform. Once installed, traders can use the indicator to identify key support and resistance levels, as well as potential entry and exit points for their trades. By using the indicator in conjunction with other technical analysis tools, traders can make more informed trading decisions and potentially increase their profits in the forex market.
MT4
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PAMA Ganngrid
Pama GannGrid Indicator is a popular and useful free forex indicator for MT4. It works by plotting multiple Gann grid lines on the chart, helping traders identify key support and resistance levels. Traders can use this indicator to make informed trading decisions based on price action around these levels. Learn more about how to use the Pama GannGrid Indicator on our website.
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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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