The Custom MACD Lines Indicator is a useful tool for forex traders using the MT4 platform. It is a popular indicator that provides valuable insights into market trends and potential entry and exit points. This indicator is free to download and use, making it accessible to all traders. The Custom MACD Lines Indicator works by displaying two custom MACD lines on the chart, along with the traditional MACD line and signal line. Traders can use these lines to identify divergence, crossovers, and trends in the market. By incorporating this indicator into their trading strategy, traders can make more informed decisions and improve their overall trading results. To use the Custom MACD Lines Indicator, simply download and install it onto your MT4 platform. Then, apply it to your chart and use the custom MACD lines to guide your trading decisions.
MT4
Custom Macd Lines
Custom MACD Lines Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator allows traders to customize the MACD lines to suit their trading strategy. By adjusting the parameters of the MACD lines, traders can easily identify trends and potential entry and exit points. It is a valuable tool for forex traders looking to improve their trading performance.
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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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