The ADR SL No Line Mod Indicator is a free and popular Forex indicator for the MT4 trading platform. It is a useful tool for traders who want to take advantage of the Average Daily Range (ADR) to set their Stop Loss (SL) levels. The indicator displays the ADR value on the chart and provides an easy way to set SL levels. The ADR SL No Line Mod Indicator works by calculating the average daily range over a given period of time. This range is then used to set Stop Loss levels for trades. The indicator displays the ADR value on the chart and provides an easy way to set SL levels. The indicator also has the ability to adjust the SL levels automatically based on the current market conditions. The indicator is free to download and is popular among Forex traders.
MT4
ADR Sl No Line Mod
The ADR SL No Line Mod Indicator is a useful and popular free Forex indicator for MT4. The indicator plots a blue line that represents the Average Daily Range and a red line that represents the Stop Loss. The indicator is free to download and use on the MT4 platform, making it a popular choice among Forex traders.
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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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