The I-Five Days Indicator is a useful and popular free Forex indicator for MT4. It is designed to provide traders with a simple way to identify trends and make profitable trading decisions. The I-Five Days Indicator is a momentum-based indicator that uses two different parameters to identify potential trend reversals. The first parameter is the price action of the current candle, while the second parameter is the previous five days of price action. The indicator then uses this data to determine whether the current price action is likely to reverse or continue in its current direction. The I-Five Days Indicator is easy to use and can be applied to any time frame. It is a great tool for traders who want to identify potential trend reversals quickly and easily. The indicator is also great for traders who want to stay ahead of the market and be able to spot potential trading opportunities before they happen. The I-Five Days Indicator is a great tool for traders of all levels. It is simple to use and can be applied to any time frame. It is also a great way to identify potential trend reversals before they happen, allowing traders to capitalize on potential trading opportunities. The indicator is free to use and is a great addition to any trader’s toolbox.
MT4
I Five Days
The I Five Days Forex Indicator is a popular free MT4 indicator that is useful for both experienced and novice traders. The indicator uses five-day moving averages to determine the trend direction and momentum. It also includes a range of other features such as support and resistance levels, trend reversal points, and more. The indicator is a great tool for traders looking to gain an edge 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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