The Gap Arrows Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator helps traders identify gaps in the market, which can provide valuable insights for making trading decisions. The indicator works by displaying arrows on the chart to mark the presence of gaps between candlesticks. Traders can use these arrows to quickly spot potential trading opportunities, such as breakouts or reversals, that may occur after a gap. To use the Gap Arrows Indicator, simply download and install it on your MT4 platform. Once activated, the indicator will automatically detect and display any gaps that form on the chart in real-time. Traders can then analyze these gaps and incorporate them into their overall trading strategy. Overall, the Gap Arrows Indicator is a helpful tool for forex traders looking to stay informed about market gaps and make more informed trading decisions.
MT4
GAP Arrows
Gap Arrows indicator is a useful forex indicator for MT4 traders. This popular and free tool helps identify gaps in the market, providing valuable insights for trading strategies. The indicator displays arrows on the chart to indicate potential gap opportunities. Traders can use this information to make informed trading decisions and 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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