The I-Trend Indicator is a useful forex indicator for MT4 that is popular among traders and available for free. This indicator is designed to help traders identify the direction of the trend in the market, making it easier to make informed trading decisions. The I-Trend Indicator works by analyzing price movement and calculating the strength of the trend, displaying this information in an easy-to-read format on your chart. When the indicator shows a strong uptrend, traders may consider buying positions, while a strong downtrend may signal selling opportunities. To use the I-Trend Indicator effectively, traders can look for confluence with other technical indicators or price action signals to confirm the trend direction. By incorporating this indicator into your trading strategy, you can improve your chances of success in the forex market.
MT4
I Trend
I-Trend Indicator is a popular and useful forex indicator for MT4. It is a free indicator that helps traders identify trends in the market. By analyzing price action, I-Trend Indicator can help traders make informed trading decisions. To use the indicator, simply add it to your MT4 platform and follow the buy or sell signals it generates based on the trend direction.
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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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