The Candle Time and Spread Indicator for MT4 is a useful tool for forex traders looking to monitor the time left until the current candle closes and the spread for their chosen currency pair. This popular indicator is free to download and easy to use, making it a valuable addition to any trader’s toolkit. The indicator displays a countdown timer showing the time remaining before the current candle closes, allowing traders to make informed decisions based on this information. Additionally, it also shows the current spread for the selected currency pair, helping traders to take into account the cost of trading. To use the Candle Time and Spread Indicator, simply attach it to your chart in MT4 and customize the settings to suit your trading preferences. You can adjust the display format, choose which timeframes to display the timer on, and select the currency pairs you want to monitor the spread for. Overall, the Candle Time and Spread Indicator is a handy tool for forex traders, providing useful information on candle closure times and spread costs in real-time. With its user-friendly interface and customizable settings, this indicator is a must-have for traders looking to improve their trading decisions.
MT4
BB Squeeze Dots
BB Squeeze Dots Indicator is a popular and useful free forex indicator for MT4. This indicator works by identifying periods of low volatility in the market, known as the Bollinger Band squeeze. When the dots on the chart are close together, it signals a potential breakout or increase in volatility. Traders can use this information to make more informed trading 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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