The Blau Trend Momentum Indicator is a useful forex indicator that is popular among MT4 users. This indicator is free to download and can be a valuable tool in helping traders identify trends and momentum in the forex market. The Blau Trend Momentum Indicator works by analyzing price action and momentum to determine the strength of a trend. It uses a combination of moving averages and momentum calculations to create a visual representation of the market’s current direction. Traders can use the Blau Trend Momentum Indicator to spot potential trend reversals or confirm existing trends. When the indicator shows a strong trend, it can be a signal to enter a trade in the direction of that trend. On the other hand, a weakening trend may indicate that it’s time to consider exiting a position. Overall, the Blau Trend Momentum Indicator is a valuable tool for forex traders looking to improve their trading strategy.
MT4
Blau Trend Momentum
Blau Trend Momentum Indicator is a popular and useful Forex indicator for MT4. It is a free tool that helps traders identify trends and momentum in the market. The indicator works by analyzing price movements and signal changes in momentum. Traders can use it to make informed trading decisions based on the current market conditions.
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Category: Stochastic
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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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