The Bar Swing V2 Indicator is a popular tool for forex traders using the MT4 platform. This useful indicator helps traders identify potential swing points in the market, allowing them to make more informed trading decisions. The indicator is free to download and easy to use, making it a valuable addition to any trader’s toolkit. The Bar Swing V2 Indicator works by analyzing price action and identifying bars that exhibit strong swing characteristics. Traders can use this information to identify potential entry and exit points, as well as determine stop loss and take profit levels. The indicator is highly customizable, allowing traders to adjust the settings to suit their individual trading style. Overall, the Bar Swing V2 Indicator is a powerful tool for forex traders looking to improve their trading performance and increase their profitability.
MT4
BAR Swing V2
Bar Swing V2 Indicator is a popular and useful forex indicator for MT4. It is free to use and helps traders identify swing highs and lows in the market. This indicator works by analyzing price movements to determine potential reversal points. Traders can use it to make informed trading decisions based on the patterns it identifies.
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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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