The Candles Ratio v1 indicator is a useful and popular free Forex tool for MetaTrader 4 (MT4) trading platforms. It is designed to help traders identify when a candle is likely to change direction. The indicator uses the ratio of the open, high, low and close of each candle to determine the probability of a reversal or continuation. The indicator works by calculating the ratio of the open, high, low and close of each candle. If the ratio is above a certain threshold, a reversal is indicated. Conversely, if the ratio is below a certain threshold, a continuation is indicated. The user can customize the thresholds to suit their own trading style. The Candles Ratio v1 indicator is easy to use and can be added to any chart. Once added, the indicator will automatically calculate the ratios of the open, high, low and close of each candle. The user can then use the indicator to identify potential reversal or continuation patterns. The indicator is easy to use and can be added to any chart, making it a valuable addition to any trader’s toolkit.
MT4
Candles Ratio V1
The Candles Ratio v1 Forex Indicator is a popular and free MT4 indicator that is useful for traders who want to analyze the market for potential trading opportunities. This indicator is based on the ratio of bullish and bearish candles in the market, providing traders with a reliable way to identify and capitalize on potential trading opportunities. The indicator also provides traders with an easy way to analyze the market and identify potential trading opportunities, making it a great choice for those who want to take advantage of the market’s potential.
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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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