The Auto Trendline Indicator is a popular and useful tool for forex traders using the MT4 platform. This indicator automatically draws trendlines on the chart, making it easier for traders to identify key support and resistance levels. The indicator works by analyzing price movements and identifying the most relevant trends. Traders can easily adjust the settings to customize the indicator to their trading style. Once the trendlines are drawn, traders can use them to make informed decisions on when to enter or exit trades. This indicator is free to download and easy to use, making it a valuable tool for both beginner and experienced traders. By taking advantage of the Auto Trendline Indicator, traders can improve their trading strategy and increase their chances of success in the forex market.
MT4
Auto Trendlinien
The Auto Trendlinien Indicator is a popular and useful tool for forex traders using MT4. This free indicator automatically plots trendlines on your charts, making it easier to identify market trends and potential entry and exit points. Simply apply the indicator to your chart and watch as it draws trendlines based on price action, helping you make more informed trading decisions.
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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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