Forex Cloud Indicator is a useful tool for traders using the MT4 platform. This popular indicator is widely appreciated for its accuracy and user-friendly interface. The indicator is completely free to use, making it accessible to all traders looking to improve their trading strategies. The Forex Cloud Indicator works by plotting support and resistance levels on the chart in the form of clouds. These clouds help traders identify key levels where price is likely to reverse or consolidate. By using this information, traders can make more informed decisions when entering or exiting trades. To use the Forex Cloud Indicator, simply add it to your MT4 chart and adjust the settings to suit your trading style. You can customize the indicator to show different time frames and levels of support and resistance. Overall, the Forex Cloud Indicator is a valuable tool for traders looking to enhance their forex trading experience.
MT4
Forex Cloud
ForexCloud Indicator is a popular and useful forex indicator for MT4 that is available for free. It works by displaying cloud formations on the chart to indicate potential buy or sell opportunities. Traders can use this indicator to identify trends and make informed trading decisions. It is a valuable tool for both beginner and experienced traders in the forex market.
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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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