The Balance Positions Indicator is a useful and popular free Forex indicator for MT4. This indicator displays the total number of open positions on both buy and sell sides in a currency pair. It provides traders with an easy way to monitor the overall market sentiment by quickly assessing the number of open positions in a given currency pair. The Balance Positions Indicator is simple to use and can be easily installed on MT4. After installation, the indicator will display the total number of open positions on both buy and sell sides in a currency pair. The indicator can be used to quickly assess the overall market sentiment by quickly assessing the number of open positions in a given currency pair. Traders can use this information to get an idea of the direction of the market and make informed trading decisions. It is a popular and useful indicator for Forex traders.
MT4
Balance Positons
The Balance Positions Forex Indicator is a useful and popular MT4 indicator that is free to download. The Balance Positions indicator displays the number of open positions for each currency pair, as well as the total balance of all open positions. The Balance Positions indicator is a great tool for any Forex trader, as it provides a comprehensive view of the market and helps traders to make informed 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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