The DSL MACD Divergence Indicator is a highly useful and popular forex indicator designed specifically for the MT4 trading platform. This free indicator identifies and highlights potential MACD divergences, providing traders with critical information to make informed trading decisions. MACD divergence occurs when the price of a currency pair moves in the opposite direction to the MACD indicator. This indicates a potential reversal in the market trend. The DSL MACD Divergence Indicator scans the charts for these divergences and displays them on your MT4 platform. This allows traders to easily spot potential trade setups and take advantage of them. To use this indicator, traders simply need to install it on their MT4 platform. Once installed, the indicator will automatically detect MACD divergences and display them on the chart. Traders can customize the indicator settings to suit their trading preferences. This powerful tool helps traders identify trend reversals and take advantage of profitable trading opportunities. In conclusion, the DSL MACD Divergence Indicator is a popular and highly useful forex tool for MT4 traders. Its ability to identify MACD divergences makes it an indispensable tool for traders looking to improve their trading strategies and profitability. Best of all, it is available for free, making it accessible to all forex traders.
MT4
DSL Macd Divergence
DSL MACD Divergence Indicator is a popular and useful forex indicator available for free on the MT4 platform. This indicator is designed to identify divergences between MACD and price, providing traders with valuable insights into potential trend reversals or continuations. By highlighting these divergences, it helps traders make more accurate trading decisions. To use this indicator, simply apply it to your MT4 charts and observe the signals it generates. Improve your forex trading strategy with the DSL MACD Divergence Indicator.
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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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