The ASI Indicator is a useful and popular tool for Forex traders using the MT4 platform. It is free to download and provides valuable insight into the market. The ASI Indicator works by analyzing the market to identify short-term and long-term trends, as well as the current momentum. This helps traders to make better decisions and take more informed positions. The indicator also provides a visual representation of the market, with a colored line that changes in response to market movements. This helps traders to quickly identify market movements and make decisions in a timely manner. The ASI Indicator is a popular tool among Forex traders as it is free and easy to use. It can help traders to make better decisions and stay ahead of the market.
MT4
ASI Indicator
The ASI Indicator is a popular and free Forex trading tool for MetaTrader 4 (MT4). The ASI Indicator works by combining the signals of multiple indicators such as Moving Averages, Bollinger Bands, Stochastics, and MACD. It is a powerful tool that can help traders make informed trading decisions and increase their chances of success. The indicator is free to use and is available for both MT4 and MT5 platforms.
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Category: Signal
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Description
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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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