The IFish Line indicator is a popular and free tool for Forex trading on the MT4 platform. It is a useful technical indicator that helps traders identify trends and make better trading decisions. The indicator works by plotting a line on the chart that follows the highest high or lowest low of the last X periods. This line is used to identify support and resistance levels. When the price is above the line, it is considered to be in an uptrend, while when it is below the line, it is considered to be in a downtrend. In addition, the indicator also provides traders with entry and exit signals based on the price action. Overall, the IFish Line indicator is a popular and useful tool for Forex traders. It is easy to use and understand, and it can help traders identify trends and make better trading decisions. It is a great free tool for traders of all levels.
MT4
Ifish Line
The iFish Line forex indicator is a useful and popular MT4 indicator that is free to download. It helps traders to make informed decisions in the forex market by providing them with an easy-to-read line chart. This indicator works by plotting a line on the chart that shows the average price of a currency pair over a period of time.
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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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