The Basket Viewer Indicator for MT5 is a popular and useful tool for forex traders. This free indicator allows you to view the status of multiple currency pairs in one convenient display. The indicator works by grouping related currency pairs together into “baskets” and providing a visual representation of their performance. This can help traders identify trends and correlations across different pairs, allowing for more informed trading decisions. To use the Basket Viewer Indicator, simply add it to your MT5 platform and customize the settings to display the currency pairs you are interested in. The indicator will then show you the current price, percentage change, and other relevant information for each pair in real-time. Overall, the Basket Viewer Indicator is a valuable tool for any forex trader looking to streamline their analysis and gain deeper insights into market movements.
MT5
Basket Viewer
Basket Viewer Indicator for MT5 is a useful tool for forex traders. It is a popular and free indicator that allows users to view multiple currency pairs in one chart, making it easier to analyze the market. Simply add the indicator to your chart and select the currency pairs you want to monitor. It provides a clear visual representation of the market trends.
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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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