The I-EF Distance Indicator is a useful free Forex indicator for MT4 that is popular among traders. It is an oscillator that measures the distance between two moving averages. The indicator works by calculating the distance between the two exponential moving averages and then plotting the result on the chart. The indicator is easy to use; simply attach it to the chart and it will start displaying the distance between the two moving averages. The indicator can be used to identify potential entry and exit points for a trade. It can also be used to identify trends in the market. The I-EF Distance Indicator is a great tool for traders looking for an easy way to identify potential trading opportunities. It is free to download and is a popular choice among traders.
MT4
I-Ef Distance
The I-EF-Distance Indicator is a popular and free forex indicator for the MT4 trading platform. It is a powerful and useful indicator for traders, allowing them to accurately measure the distance between the current price and an exponential moving average. The I-EF-Distance Indicator is a great tool for traders who want to identify and capitalize on emerging trends in the forex market.
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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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