The Kijun Tenkan Indicator is a popular and useful forex indicator that is available for free on the MT4 platform. This indicator is based on two lines – the Kijun-sen line (blue line) and the Tenkan-sen line (red line) – that help traders identify potential trend reversals and entry/exit points. The Kijun Tenkan Indicator works by measuring the average price over a specific time period and plotting it on the chart. When the blue line crosses above the red line, it indicates a bullish trend, while a cross below suggests a bearish trend. Traders can use this indicator to confirm trends, set stop-loss and take-profit levels, and generate buy or sell signals. Overall, the Kijun Tenkan Indicator is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions in the market.
MT4
Kijun Tenkan
Kijun Tenkan Indicator is a popular and useful forex indicator for MT4. It is free to use and can help traders identify trends in the market. This indicator works by calculating the average price movement over a certain period of time. Traders can use it to spot potential entry and exit points for their trades.
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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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