The IT Trend Old Indicator is a useful and popular Forex indicator for MT4. It is free to download and use, making it a great choice for those who are just getting started in the Forex market. The indicator uses a combination of trend lines and moving averages to identify potential trading opportunities. It works by displaying a line for the current trend and a line for the previous trend. If the current trend line is above the previous trend line, this indicates a possible buy signal. Conversely, if the current trend line is below the previous trend line, this indicates a possible sell signal. The IT Trend Old Indicator is easy to use and understand. It can be applied to any currency pair and timeframe. It is also highly customizable, allowing users to adjust the parameters to suit their trading style and preferences. This indicator is a great tool for traders who are looking to identify potential trading opportunities in the Forex market. It can be used to spot potential reversals and breakouts, as well as to identify trends and support and resistance levels.
MT4
It Trend Old
The IT Trend Old indicator is one of the most popular and useful Forex indicators available for the MT4 platform. This free indicator is designed to help Forex traders identify trend direction and strength. The IT Trend Old indicator displays a trend line on the chart, which is calculated based on the moving average of the high and low prices.
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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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