The Better Volume 1.5 Alerts Indicator is a popular and useful tool for forex traders using the MT5 platform. This free indicator is designed to track buying and selling activity in the market, providing valuable insights into market dynamics. The indicator uses a combination of price action and volume analysis to identify areas of high trading activity, which can help traders make more informed decisions. It also includes alerts to notify traders of potential trading opportunities based on volume spikes. To use the Better Volume 1.5 Alerts Indicator, simply install it on your MT5 platform and adjust the settings to suit your trading style. The indicator will then display colored bars on your chart, indicating whether buying or selling volume is increasing or decreasing. This information can be used to confirm trends, identify reversals, and improve overall trading accuracy.
MT5
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Better Volume 1 5 Alerts
Better Volume 1.5 Alerts Indicator MT5 is a popular and useful forex indicator designed to analyze volume in the forex market. It provides valuable insights into market trends and can be used to confirm price movements. This free indicator sends alerts when significant volume changes occur, helping traders make informed decisions. Simply install the indicator on MT5 platform and follow the alerts to maximize trading opportunities.
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Category: Volume
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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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