The Double Dragon Indicator is a popular and useful forex indicator designed for use on the MT4 platform. This indicator is widely used by traders to identify trends and potential entry and exit points in the forex market. The Double Dragon Indicator works by analyzing price action and identifying key support and resistance levels. It uses a combination of moving averages and price action to generate buy and sell signals. Traders can use this indicator to confirm trends, identify potential reversals, and make informed trading decisions. One of the key features of the Double Dragon Indicator is that it is free to use, making it accessible to all traders. To use this indicator, simply add it to your MT4 platform and customize the settings to suit your trading style and preferences. Overall, the Double Dragon Indicator is a valuable tool for forex traders looking to enhance their trading strategies.
MT4
Double Dragon
Double Dragon Indicator is a useful forex indicator available for free on the popular MT4 platform. This indicator works by leveraging a combination of moving averages to identify potential trend reversals and continuations. Traders can use this indicator to spot trading opportunities and make informed decisions. Download Double Dragon Indicator now to enhance your forex trading experience.
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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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