The Fractal Polarized Efficiency indicator is a useful and popular free Forex indicator for MT4. It is a technical analysis tool that helps traders to identify the trend direction of a currency pair. The indicator consists of two lines, one is a fast line and the other is a slow line. The fast line is the price of the currency pair and the slow line is the average of the past prices. When the fast line is above the slow line, it indicates an uptrend and when the fast line is below the slow line, it indicates a downtrend. The Fractal Polarized Efficiency indicator works by analyzing the price action of a currency pair over a certain period of time. It compares the current price to the average of the past prices to determine the trend direction. The indicator also uses fractal analysis to identify support and resistance levels. When the price breaks through a support or resistance level, it indicates a potential trend reversal.
MT4
Fractal Polarized Efficiency
The Fractal Polarized Efficiency forex indicator is a useful tool for traders who use the MT4 platform. It works by detecting when the price of a currency pair is in a range, and then when the price breaks out of the range, it will provide a signal. It is a great tool for traders who want to take advantage of the current market conditions.
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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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