The Demand Index Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4) trading platforms. It helps traders to identify the strength of buying and selling pressure in the market. The indicator is based on a simple mathematical formula and can be applied to any currency pair or other financial instrument. The Demand Index Indicator is based on the Accumulation/Distribution Indicator and the Money Flow Index. It measures the amount of buying and selling pressure in the market by calculating the difference between the closing price of a candle and the highest and lowest prices of the same candle. The Demand Index Indicator then compares the difference to the total range of the candle and creates a value that ranges from -100 to +100. When the value is above 0, it indicates buying pressure, and when it is below 0, it indicates selling pressure. The Demand Index Indicator is easy to use and is available for free on most MT4 trading platforms. It is a popular and reliable indicator that can help traders to make better trading decisions. It is an important tool for any trader who wants to stay ahead of the market.
MT4
Demand Index
The Demand Index Indicator is a popular and free Forex indicator for MT4 trading platforms. The indicator is based on the Demand Index, which measures the strength of the bulls and bears in the market. The Demand Index Indicator is easy to use and can be applied to any currency pair or timeframe. It helps traders identify the current market trend 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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