The EZ Trend ER Swing Indicator is a useful Forex indicator for the MT4 platform. It is a popular and free indicator that can be used to identify trend reversals in the Forex market. The indicator works by combining a range of technical indicators to identify trend reversals. It uses a combination of moving averages, RSI, and MACD to detect when the market is about to reverse. The indicator also uses a proprietary algorithm to filter out false signals and ensure that only the most reliable signals are used. The indicator is easy to use and understand. It displays a line on the chart that shows when the market is about to reverse. This line is color-coded and can be used to identify when to enter and exit a trade. The indicator also includes an alert system that can be used to notify traders when a reversal is about to occur. The EZ Trend ER Swing Indicator is a great tool for traders looking to capitalize on market reversals. It is easy to use and understand and can be used to identify profitable trades. The indicator is free and can be downloaded from the MT4 platform. It is a popular and reliable indicator that can be used to increase the profitability of your trades.
MT4
EZ Trend ER Swing
The EZ Trend ER Swing Indicator is a free and popular Forex indicator for MT4 traders. It uses a combination of moving averages, stochastic oscillators, and support/resistance levels to accurately detect entry and exit points. The EZ Trend ER Swing Indicator is easy to install and use, and is suitable for both novice and experienced traders.
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Description
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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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