The custom candle indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator allows users to customize their candlestick chart by changing the color and size of the candles, as well as adding custom patterns or symbols. It works by analyzing price action and displaying it in a visually appealing way, making it easier for traders to spot trends and make informed decisions. To use the indicator, simply download it and install it on your MT4 platform. You can then customize it to your liking and start using it in your trading strategy. Overall, the custom candle indicator is a valuable tool for forex traders looking to improve their analysis and decision-making process. It provides a unique way to visualize price action and can help traders spot potential trading opportunities.
MT4
Custom Candle
The Custom Candle Indicator is a useful forex indicator for MT4 that has become popular among traders for its accuracy and simplicity. This free indicator displays custom candles on your charts, making it easy to identify important price levels and trends. Simply add the indicator to your chart and customize the candle parameters to fit your trading strategy.
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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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