The Floating Spread Indicator is a popular and free Forex indicator for MT4 that is useful in determining the spread of a currency pair. This indicator is designed to provide traders with a clear view of the current spread on their charts, allowing them to better plan their trades. The indicator works by displaying the current spread in a separate window, showing the difference between the Ask and Bid prices. This allows traders to easily compare the spread of different pairs and make more informed trading decisions. The Floating Spread Indicator is easy to use and can be quickly installed on any MT4 platform. Once installed, the indicator will automatically display the spread of the current currency pair in the separate window, allowing traders to quickly and easily compare the spread of different pairs. This indicator is a valuable tool for any Forex trader, allowing them to better plan their trades and improve their overall trading performance.
MT4
Floating Spread
The Floating Spread Indicator is a popular and free Forex indicator for MT4 that is useful for traders who want to monitor the spread of their trades. This indicator provides a visualization of the spread of any currency pair in real time, making it easy to track the amount of money you are paying for each trade. This indicator is easy to install and use, and it is a great tool for any Forex trader looking to optimize their 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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