This free Forex indicator is one of the most popular and useful indicators for traders who use the MT4 platform. It provides an easy and efficient way to track the performance of currency pairs in the Forex market. The indicator uses a combination of technical indicators such as moving averages, Relative Strength Index (RSI), and Fibonacci Retracements to identify potential entry and exit points for trades. It also displays key support and resistance levels. This helps traders to quickly identify the most profitable trading opportunities. The indicator is easy to use and requires minimal setup. It can be installed directly on the MT4 platform and is also available as a free download from many websites. It is compatible with all major currency pairs and can be used on any time frame. The indicator is highly customizable and can be modified to suit individual trading styles and strategies. It also includes a range of alerts to notify traders when certain conditions are met. It is free to download and is compatible with all major currency pairs and can be used on any time frame.
MT4
Instrument Indicator
The Forex Indicator is a useful tool for traders to analyze the market and make informed decisions. It is popular amongst MT4 traders due to its ability to provide quick and accurate data. The indicator is a great tool for traders to utilize in order to maximize their trading profits.
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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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