The Coeffoline Fixed Indicator is a popular and free Forex trading indicator for the MetaTrader 4 (MT4) platform. It is a useful tool for traders who want to identify and take advantage of strong trends in the market. The indicator is based on the Coeffoline algorithm, which is designed to detect the direction of a trend and its strength. The Coeffoline Fixed Indicator uses a combination of moving averages and oscillators to identify the direction and strength of a trend. It plots a line on the chart that changes color and thickness depending on the strength of the trend. When the line is thick and green, it indicates a strong uptrend, while a thick red line indicates a strong downtrend. When the line is thin and gray, it indicates a weak trend. The Coeffoline Fixed Indicator is a popular and useful tool for traders who want to take advantage of strong trends in the Forex market. It is a free indicator for the MT4 platform, making it easy and accessible for traders of all levels.
MT4
Coeffoline Fixed
The Coeffoline Fixed Indicator is a useful tool for traders in the Forex market. It is a popular indicator for the MT4 platform and is available for free. This Indicator based on the moving average of the price action, and can be adjusted to fit the trader’s needs. The Coeffoline Fixed Indicator is an easy to use and powerful tool for traders looking for an edge in the Forex market.
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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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