The GG TrendBar Forex Indicator is a useful tool that helps traders identify and take advantage of trends in the Forex market. It is a popular indicator among traders as it is free and easy to use in the MT4 trading platform. The GG TrendBar indicator is based on a combination of exponential moving averages and a momentum oscillator. The indicator shows the current trend direction and also provides signals for potential trade entries. It displays a colored bar that changes color to indicate the current trend direction. A green bar indicates an uptrend, while a red bar indicates a downtrend. The indicator also displays a histogram that shows the momentum of the current trend. The GG TrendBar indicator is easy to use and can be applied to any time frame. It is especially useful for short-term and intraday trading. Traders can use the indicator to identify potential entries and exits in the market. It is also helpful for identifying potential support and resistance levels. The indicator is popular among traders and is a great way to identify and take advantage of trends in the Forex market.
MT4
GG Trendbar
The GG-TrendBar Forex Indicator is a popular free tool for traders on the MT4 platform. It is a useful technical indicator that helps traders identify trend direction and potential entry and exit points. The indicator also provides traders with a visual representation of the trend and its strength, allowing them to make better 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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