The Candle Time and Spread Indicator for MT4 is a popular and useful tool for forex traders. It provides real-time information on the time remaining for the current candle to close, as well as the spread of the chosen currency pair. This can help traders make more informed decisions based on the current market conditions. The indicator is free to use and can be easily installed on the MetaTrader 4 platform. Once installed, users can customize the settings to display the information they find most useful. For example, traders can choose to only display the time remaining for the candle to close, or they can also include the spread information for additional insight. Overall, the Candle Time and Spread Indicator is a valuable tool for forex traders looking to improve their decision-making process. Its user-friendly interface and real-time data make it a must-have for both beginner and experienced traders.
MT4
Keltner Trend Channels
Keltner Trend Channels Indicator is a popular and free forex indicator for MT4. It is a useful tool that helps traders identify market trends and potential entry and exit points. The indicator works by plotting channel lines based on the average true range, showing areas of support and resistance. Traders can use it to make informed decisions and improve their trading strategies.
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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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