The NRTR Gator indicator is a popular and useful tool in the forex market, available for free on the MT5 platform. This indicator helps traders identify trends and potential reversals by displaying colored bars on the chart. The NRTR Gator indicator works by measuring the distance between the price and a dynamic trailing stop, which adjusts based on market volatility. When the bars change color from red to green, it indicates a buy signal, while a change from green to red signifies a sell signal. Traders can use the NRTR Gator indicator to confirm market trends, set their stop-loss levels, and make informed trading decisions. With its user-friendly interface and accurate signals, this indicator is a valuable tool for both beginner and experienced forex traders.
MT5
NRTR Gator
NRTR Gator Indicator for MT5 is a popular and useful forex indicator that is available for free download. This indicator works by identifying trends in the market and providing buy or sell signals based on the direction of the trend. Traders can use this indicator to make informed decisions when trading forex and potentially increase their profits.
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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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