Jay’s Candle Display indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator displays candlestick patterns in a user-friendly format, making it easy to analyze market trends and make informed trading decisions. The indicator works by highlighting different candlestick patterns such as doji, hammer, shooting star, and more. Traders can adjust the settings to suit their trading style and preferences. To use Jay’s Candle Display indicator, simply download and install it on your MT4 platform. Once activated, the indicator will automatically display candlestick patterns on your charts, helping you to easily identify potential entry and exit points. Overall, Jay’s Candle Display indicator is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions in the market.
MT4
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Jays Candle Display indicator
Jay’s Candle Display Indicator is a popular and useful forex indicator for MT4 that displays candlestick patterns on your chart. It is a free tool that helps traders identify potential market reversals and trends. Simply add the indicator to your chart and watch as it highlights important candle patterns for you to make informed trading decisions.
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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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