The Info Rectangle Drawing Indicator is a useful Forex trading tool that is available for the popular MT4 platform. This powerful free indicator helps traders to quickly identify support and resistance levels on the chart. The indicator draws a rectangle based on a user-defined period and calculates the average price within the rectangle. This helps traders to easily identify areas of potential entry and exit points. The indicator can be used to identify trends and to monitor the strength of a trend. It can also be used to identify support and resistance levels and to identify potential breakouts or reversals. The indicator is easy to use and can be easily customized to fit the trading style of any trader. It is a great tool for any trader looking to improve their trading performance.
MT4
Info Rectangle Drawing
The Info Rectangle Drawing Indicator is a popular and free Forex indicator for the MT4 trading platform. It can be used to identify potential entry and exit points, as well as to assess the current trend. The indicator is highly customizable, allowing traders to tailor it to their specific needs. The Info Rectangle Drawing Indicator is a great tool for traders who want to quickly identify potential entry and exit points.
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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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