The Candles Ratio Indicator for MT5 is a popular and useful tool for forex traders. This indicator analyzes the ratio of bullish and bearish candles to provide insights into potential market movements. By displaying this information on your charts, you can make more informed trading decisions. The Candles Ratio Indicator is free to download and easy to use on the MT5 platform. Simply add it to your chart and interpret the data it provides. A high ratio of bullish candles indicates a strong uptrend, while a high ratio of bearish candles suggests a possible downtrend. Traders can use this information to confirm trends, identify reversals, and time their entries and exits more effectively. With its user-friendly interface and accurate analysis, the Candles Ratio Indicator is a valuable tool for traders of all levels.
MT5
Candles Ratio
Candles Ratio Indicator MT5 is a useful tool for forex traders. This popular indicator is available for free on the MT5 platform. It works by comparing the ratio of bullish to bearish candles to help traders gauge market sentiment. By analyzing this data, traders can make more informed trading decisions. The Candles Ratio Indicator MT5 is a valuable resource for any forex trader.
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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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