The Setan indicator for MT4 is a useful and popular free Forex indicator that is used to identify trend changes in the market. It works by analyzing the price action of the market and then plotting a line on the chart that shows the direction of the trend. The indicator is easy to use and can be used to identify trend reversals in the market. It is also useful in helping traders identify support and resistance levels. The Setan indicator is a great tool for traders who are looking to identify potential trading opportunities. It is a popular choice among traders due to its ability to provide accurate signals in the market. The indicator is also easy to install and use. It is a great tool for traders who want to stay ahead of the market and take advantage of potential trading opportunities.
MT4
Info Setan
The Setan Indicator MT4 is a popular and free Forex trading indicator that is useful for both novice and experienced traders. It does this by analyzing trends and price movements, and then providing traders with signals when it detects a potential opportunity. It is also useful for spotting reversals and breakouts and can be used to identify potential trading opportunities.
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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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