The Currency Strength Alerts indicator for MT4 is a powerful and useful tool for Forex traders. It is a popular and free indicator that alerts you when a currency pair is either overbought or oversold. It is a great tool for traders who want to be able to quickly identify the strength of a currency pair. The indicator works by displaying an arrow on the chart when a currency pair is either overbought or oversold. It is easy to use and can be applied to any chart. The indicator will display an upward arrow when a currency pair is overbought and a downward arrow when a currency pair is oversold. This allows traders to quickly identify when a currency pair is reaching an extreme level and may be ready for a reversal. It is a great way to quickly identify the strength of a currency pair and can help traders identify potential trading opportunities.
MT4
Currency Strength Alerts
The Currency Strength Alerts Forex indicator is a popular and useful tool for traders of all levels. The Currency Strength Alerts indicator works by measuring the momentum of each currency pair and then displaying the strength of each currency relative to the other. Alerts indicator is a great way to stay informed and make better trading decisions.
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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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