The Multi-Pair PSAR Trend Indicator is a useful forex indicator that is popular among traders using the MetaTrader 4 platform. This indicator is free to use and helps identify trends in multiple currency pairs simultaneously. The indicator uses the Parabolic SAR (PSAR) indicator to determine the direction of the trend in each pair. It displays arrows on the chart to indicate buy or sell signals, making it easy for traders to make informed decisions. Traders can use this indicator by simply attaching it to the chart of the desired currency pairs and following the signals provided. It can help traders spot potential trading opportunities and maximize profits by trading with the trend. Overall, the Multi-Pair PSAR Trend Indicator is a valuable tool for forex traders looking to improve their trading strategy and make more informed decisions in the market.
MT4
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Multi Pair Psar Trend
The Multi-Pair PSAR Trend Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy in identifying trends. It is a free indicator that utilizes the Parabolic SAR to show potential trend changes on multiple currency pairs simultaneously. Traders can use this indicator to make informed decisions on entering or exiting trades based on trend direction.
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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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