The FX GaugeMAS Lite indicator is a popular and free Forex indicator for MT4 that is useful in analyzing the price action of the market. This indicator uses a combination of trend and momentum to determine the trend direction and the strength of the trend. It then displays the trend direction and strength in a graphical format on the chart. The FX GaugeMAS Lite indicator is easy to use and can be quickly set up on the MT4 platform. The indicator uses a combination of moving averages and momentum to determine the trend direction and strength. The moving averages are used to identify the trend while the momentum is used to measure the strength of the trend. The indicator then displays the trend direction and strength in a graphical format on the chart. The indicator also provides additional information such as the trend direction and strength of the trend. The indicator is also helpful in determining the best time to enter and exit a trade.
MT4
FX Gaugemas Lite
The FX GaugeMAS Lite Indicator is a popular and free Forex indicator for MT4. The indicator works by plotting a series of colored bands on the chart, which can be used to measure the strength of a trend, as well as the level of volatility. The FX GaugeMAS Lite Indicator is a great choice for traders looking for a free and useful Forex indicator for MT4.
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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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