The Candle Time and Spread Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator displays the remaining time before the current candle closes, as well as the spread for the chosen currency pair. Traders can use this information to make more informed decisions about their trades, as having a clear view of when the candle will close can help with timing entries and exits. Additionally, knowing the spread can help traders assess the cost of entering a trade. The indicator is easy to use and can be customized to display the information in a way that suits the trader’s needs. By adding this tool to their trading arsenal, traders can improve their decision-making process and potentially enhance their overall trading performance.
MT4
CCI C Live Histogram
CCI C Live Histogram Indicator is a popular and useful free forex indicator for MT4. It calculates the Commodity Channel Index in real-time and presents it as a histogram for easy visualization. Traders can use this indicator to identify overbought and oversold conditions in the market. Simply add it to your chart and interpret the histogram for potential trading opportunities.
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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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