The Forex Cloud Indicator is a popular and free MT4 indicator that is useful in a variety of Forex trading strategies. It is designed to help traders identify trend reversals, support and resistance levels, and possible price breakouts. It works by plotting a “cloud” of price points on the chart, which can be used to identify potential areas of support and resistance. The cloud can also be used to identify potential trend reversals, as the shape of the cloud can indicate when a trend is about to reverse. The Forex Cloud Indicator is easy to use and can be quickly set up on any MT4 chart. The Forex Cloud Indicator is a powerful tool for traders who want to identify potential areas of support and resistance, as well as potential trend reversals. It is easy to use and can be quickly set up on any MT4 chart. It can help traders make informed trading decisions and can be used in conjunction with other indicators to maximize trading success.
MT4
Forex Cloud
The Forex Cloud Indicator is a useful and popular free MT4 indicator that helps traders identify potential trend reversals in the Forex market. It works by displaying a cloud-like pattern on the chart, and when the cloud pattern changes, it signals a potential trend reversal. With the Forex Cloud Indicator, traders can easily identify potential trend reversals and take advantage of them to maximize profits.
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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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