The IMACD Custom ATR Indicator is a useful forex indicator for the MT4 platform. It is a popular free indicator that combines the functionality of the MACD and ATR indicators, providing traders with valuable insights into market trends and volatility. The indicator works by calculating the Average True Range (ATR) to measure market volatility, and then overlaying the Moving Average Convergence Divergence (MACD) to identify trends and potential trade signals. Traders can use this indicator to spot potential entry and exit points, as well as to set stop-loss and take-profit levels. To use the IMACD Custom ATR Indicator, simply download and install it on the MT4 platform, and then customize the settings to suit your trading strategy. By incorporating this powerful indicator into your forex trading arsenal, you can make more informed trading decisions and improve your overall profitability.
MT4
Imacd Custom Atr
IMACD Custom ATR Indicator is a useful forex indicator for MT4 that is popular among traders. This free indicator combines the MACD and ATR indicators to provide accurate buy and sell signals. It works by analyzing market trends and volatility to help users make informed trading decisions. Simply install the indicator on your MetaTrader platform and follow the signals it generates.
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Category: Stochastic
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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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