The Candle Time and Spread Indicator for MT4 is a useful tool for forex traders looking to monitor market conditions. This popular indicator displays the current candle time and spread in a user-friendly format, allowing traders to make more informed decisions. The best part is that it is free to download and use on the MetaTrader 4 platform. The indicator works by providing real-time information on the time remaining for the current candle to close and the spread between the bid and ask prices. This can help traders identify potential entry and exit points, as well as gauge market volatility. To use the indicator, simply add it to your MT4 chart and adjust the settings to suit your trading style. Overall, the Candle Time and Spread Indicator for MT4 is a valuable tool for forex traders looking to enhance their trading experience. With its user-friendly interface and real-time data, this indicator can help traders stay ahead of the market and make more informed decisions.
MT4
Envelope Reverse
Envelope Reverse is a popular and useful free forex indicator for MT4 traders. It works by displaying upper and lower bands around price movements, helping traders identify potential reversal points. To use Envelope Reverse, simply apply it to your chart and look for price movements that touch or cross the bands. This indicator can be a valuable tool for traders looking to time their entries and exits effectively.
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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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