The Envelopes Kijun Sen Rev indicator is a useful forex indicator that is commonly used by traders on the MT4 platform. It is a popular choice among traders because it is free to use and provides valuable insights into market trends. This indicator works by plotting two bands above and below the Kijun Sen line, which is a component of the Ichimoku indicator. These bands create an “envelope” around price movements, highlighting potential support and resistance levels. Traders can use the Envelopes Kijun Sen Rev indicator to identify trend reversals, as well as potential entry and exit points for their trades. By paying attention to how price interacts with the bands, traders can make more informed decisions about when to enter or exit the market. Overall, this indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Envelopes Kijun Sen Rev
Envelopes Kijun Sen Rev Indicator is a useful forex indicator for MT4 that is popular among traders. It is a free indicator that helps identify potential reversal points in the market by analyzing the Kijun Sen line of the Ichimoku cloud indicator. Traders can use this tool to make informed trading decisions based on trend reversals.
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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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