The Trend Continuation Factor Indicator is a popular and useful tool for forex traders using MT5. This indicator is designed to help traders identify the strength of a trend and whether it is likely to continue. The indicator works by analyzing price action and volatility to determine the probability of a trend continuing. It generates easy-to-read signals and alerts when a strong trend is detected, helping traders make informed decisions about when to enter or exit a trade. Traders can use the Trend Continuation Factor Indicator by incorporating it into their technical analysis and trading strategy. By paying attention to the signals and alerts generated by the indicator, traders can better time their trades and increase their chances of success in the forex market. Best of all, this indicator is free to use, making it a valuable tool for forex traders looking to improve their trading performance.
MT5
Trend Continuation
Trend Continuation Factor Indicator for MT5 is a popular and useful forex indicator that is free to use. It works by analyzing the strength of a trend and identifying potential continuation points. Traders can use this indicator to make informed decisions about when to enter or exit trades based on the current market trend.
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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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