The Dual Time Frame MACD Indicator MT4 is a useful and popular free Forex indicator for the Metatrader 4 trading platform. It is designed to help traders identify trend direction and strength by comparing two time frames of the Moving Average Convergence/Divergence (MACD) indicator. The indicator plots the difference between the MACD lines of the two time frames and displays it in a histogram. The histogram will show whether the trend in the longer time frame is stronger than the trend in the shorter time frame. The Dual Time Frame MACD Indicator MT4 is easy to use and can be added to any chart. To use the indicator, traders simply choose the two time frames they want to compare and the indicator will automatically plot the difference between the two. Traders can also choose to display the MACD lines of both time frames on the same chart. This allows traders to see the relative strength of the trends in both time frames. It is easy to use and can be added to any chart.
MT4
Dual Time Frame MACD
The Dual Time Frame MACD Indicator for MT4 is a useful and popular free Forex indicator. It is designed to help traders identify profitable entry and exit points in the Forex market. The indicator works by analyzing the moving average convergence divergence (MACD) of the current and previous time frames, allowing traders to identify potential trend reversals and confirm the current trend.
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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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