The Awesome Flat Market Detector Indicator is a popular and free indicator for the MT4 trading platform. It is a useful tool for Forex traders as it helps to identify flat markets, which can be difficult to spot. The indicator works by detecting periods of low volatility in the market, which can be used to identify potential entry points. It also provides alerts when the market is flat, so that traders can take advantage of the opportunity. The indicator is easy to install and use, and can be used in combination with other indicators to maximize trading success. It is a great tool for traders looking to take advantage of the flat market conditions, and is one of the most popular and free indicators available for the MT4 platform.
MT4
Awesome Flat Market Detector
This Awesome Flat Market Detector Indicator is a useful and popular free Forex indicator designed for MT4. The indicator works by monitoring price movements and analyzing correlations between different currency pairs. When the correlation between two pairs is low, the indicator will indicate that the market is flat. It also uses a range of other indicators to provide traders with more detailed information about the current market conditions. This indicator is ideal for traders who prefer to trade in flat markets, as it will help them identify the right times to enter and exit trades. With its easy-to-use interface and comprehensive data, this indicator is a popular choice for Forex traders.
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Category: Stochastic
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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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