The I Max Min Trends Forex Indicator is a popular, free and useful MT4 indicator that is used to identify trends in the Forex market. This indicator uses a combination of two different indicators, the Maximum and Minimum indicator, to identify trends. The Maximum indicator identifies the highest and lowest points of the trend and the Minimum indicator identifies the start and end of the trend. This indicator is easy to use and can be used to identify both short-term and long-term trends. To use this indicator, traders simply need to apply the indicator to their chart. Once applied, the indicator will automatically identify the trend and display it on the chart. Traders can use this information to help them decide when to enter and exit trades. The indicator also provides traders with entry and exit signals that can help them make profitable trades.
MT4
I Max Min Trends
The I-Max-Min-Trends Forex indicator is a highly useful and popular MT4 indicator, available for free. The indicator works by plotting two lines on the chart – one for the maximum points, and one for the minimum points. By using this indicator, traders can easily spot the best entry and exit points for their trades, and make informed decisions about their trading strategies.
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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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