The Magnified Market Price Indicator for MT5 is a useful tool for forex traders looking to closely analyze market trends. This popular indicator is available for free and is compatible with the MetaTrader 5 platform. The indicator works by magnifying the market price, allowing traders to easily identify key levels of support and resistance. By providing a clear visual representation of price movements, traders can make more informed decisions about when to enter or exit trades. To use the Magnified Market Price Indicator, simply download and install it on your MT5 platform. Once applied to your chart, you can customize the settings to suit your trading style. Traders can use this indicator in conjunction with other technical analysis tools to enhance their trading strategy and improve their overall profitability in the forex market.
MT5
Magnified Market Price
Magnified Market Price Indicator for MT5 is a popular and useful tool in the forex market. This free indicator magnifies the current market price, making it easier for traders to analyze price action and make informed trading decisions. Simply add the indicator to your MT5 platform and adjust the settings to suit your trading strategy.
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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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