The Bar Rev Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of potential trading opportunities. The Bar Rev Indicator works by monitoring the price action of a given asset and identifying when the bar range is higher than average. When this occurs, the indicator will display a signal that can be used to enter a trade. The indicator is easy to use and can be applied to any timeframe. It can be used on any currency pair or other asset, making it a versatile trading tool. The indicator uses a combination of three different indicators to generate its signals. The first indicator is a momentum indicator, which measures the strength of the current trend. The second indicator is a volatility indicator, which measures the level of volatility in the market. The third indicator is a range indicator, which measures the range of the price action. The indicator uses a combination of three different indicators to generate its signals, making it a reliable and effective trading tool.
MT4
Bar Rev Indicator
The Bar Rev Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify potential reversals in the market by displaying a bar in the form of a histogram. It is easy to use and can be used on any time frame. The indicator is free to download and use, making it a popular choice among Forex traders.
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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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