The EX Trend Indicator is a useful and popular forex indicator designed for use on MetaTrader 4 (MT4) platform. It is available for free and serves as a powerful tool for forex traders. This indicator is specifically designed to analyze market trends and assist traders in making informed decisions. Using advanced algorithms, the EX Trend Indicator identifies and displays the current trend direction on the chart. It conveniently highlights potential entry and exit points, making it easier for traders to determine when to open or close positions. By providing clear visual signals, it helps traders identify trend reversals and avoid false signals. To use this indicator, traders simply need to install it on their MT4 platform and apply it to the desired currency pair chart. Its user-friendly interface and clear signals make it suitable for both novice and experienced traders. With the EX Trend Indicator, forex traders can gain a better understanding of market trends, leading to more profitable trading strategies.
MT4
Ex Trend
The Ex Trend Indicator is a popular and useful forex indicator for MT4. It is a free tool that helps traders analyze market trends and make informed trading decisions. This indicator identifies and displays potential trend reversals, allowing users to enter or exit trades at the right time. With its user-friendly interface, traders can easily incorporate this indicator into their trading strategies to improve their overall 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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