The Bars Indicator is a useful forex indicator that is popular among traders using the MT4 platform. This indicator is available for free and is easy to use. The Bars Indicator works by displaying different colored bars on the chart, indicating market trends and potential entry and exit points. Green bars typically signify a bullish trend, while red bars indicate a bearish trend. Traders can use this information to make informed decisions on when to enter or exit a trade. To use the Bars Indicator, simply add it to your MT4 platform and customize the settings to your liking. Keep an eye on the changing colors of the bars to identify market trends and adjust your trading strategy accordingly. With its user-friendly interface and helpful visual cues, the Bars Indicator is a valuable tool for forex traders looking to make more informed decisions in the market.
MT4
Bars Indicator
Bars Indicator is a popular and useful MT4 forex indicator that displays the number of bars on the chart. It is free to use and valuable for traders to analyze market trends and make informed decisions. This indicator helps in determining the duration of a specific trend and identifying potential entry and exit points. Use Bars Indicator to enhance your forex trading strategy.
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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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