The Candle Time and Spread Indicator for MT4 is a useful tool for forex traders looking to track the time remaining before a candle closes, as well as the spread of the current price. This popular and free indicator is easy to use, providing valuable information for making informed trading decisions. The indicator displays a countdown timer showing how much time is left until the current candle closes, allowing traders to anticipate market movements. Additionally, it shows the spread of the current price, giving insight into market volatility and liquidity. Traders can customize the indicator settings to suit their trading style and preferences, making it a versatile tool for both experienced and novice traders. By effectively utilizing the Candle Time and Spread Indicator, traders can improve their trading strategies and increase their chances of success in the forex market.
MT4
Chaikins Volatility Lines
Chaikin’s Volatility Lines indicator is a popular and useful free forex indicator for MT4. It displays volatility levels on a chart, helping traders identify potential market moves. The indicator works by comparing the difference between high and low prices, and can be used to confirm trends or signals. Traders can adjust the settings to suit their trading strategy and risk tolerance.
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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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