The All Volume Average Indicator for MT4 is a highly useful tool for forex traders looking to analyze volume trends in the market. This popular and free indicator calculates the average volume for a specified period, helping traders identify potential trading opportunities based on volume analysis. The indicator works by calculating the average volume over a user-defined time frame, typically 20 days. This provides traders with valuable insight into the overall volume trends in the market, helping them make more informed trading decisions. To use the All Volume Average Indicator, simply add it to your MT4 chart and adjust the settings to your preferred time frame. The indicator will then plot the average volume on your chart, giving you a clear visual representation of volume trends. By incorporating volume analysis into your trading strategy, you can increase your chances of success in the forex market.
MT4
All Volume Average
The All Volume Average Indicator for MT4 is a popular and useful tool in forex trading that displays the average trading volume over a specified period. Traders can use this free indicator to analyze market trends and make informed trading decisions. By calculating the average volume, it provides valuable insights into market strength and potential price movements.
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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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