The FXSSI Sentiment Lite Indicator for MT5 is a useful tool for forex traders looking to gauge market sentiment. This popular indicator is free to use and provides valuable insights into market trends based on the aggregated sentiment of retail traders. The indicator works by analyzing data from multiple brokers and platforms to determine the percentage of traders who are long or short on a particular currency pair. Traders can use this information to make informed decisions about their trades and potentially capitalize on market movements. To use the FXSSI Sentiment Lite Indicator, simply install it on your MT5 platform and add it to your chart. The indicator will display real-time sentiment data, giving you a clear picture of market sentiment at a glance. With its user-friendly interface and customizable settings, this indicator is a must-have for forex traders looking to stay ahead of the game.
MT5
Fxssi Sentiment Lite
FXSSI Sentiment Lite Indicator for MT5 is a popular and useful forex indicator that provides real-time market sentiment data for free. It works by analyzing the trading activity of retail traders and can help traders make more informed decisions. Simply install the indicator on your MT5 platform and use the data to gauge market sentiment before making trading decisions.
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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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