The Current Trend Dots Indicator is a useful and popular free Forex indicator for MT4. This indicator provides traders with an easy way to identify the current trend of a currency pair. The indicator plots colored dots on the chart, indicating when the trend is up or down. The indicator is easy to use; simply look at the chart and the dots will tell you the current trend direction. The Current Trend Dots Indicator is especially useful for short-term traders as it can help them identify the current trend quickly and easily. The indicator is also useful for longer-term traders, as it can help them identify potential entry and exit points. The indicator is suitable for all types of traders, from novice to experienced, and it is available for free on the MT4 platform. With the Current Trend Dots Indicator, traders can easily identify the current trend of a currency pair and make informed trading decisions.
MT4
Current Trend Dots
The Current Trend Dots Indicator is a free and popular Forex indicator for the MT4 trading platform. It is a useful and versatile tool that helps traders identify the current trend in the market. It does this by plotting dots on the chart, which are green when the trend is up and red when the trend is down. The indicator is easy to use and understand, making it a popular choice among traders. The Current Trend Dots Indicator is a great tool for traders of all levels and can be used to help make more informed 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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