The Kijun Sen Indicator is a useful forex indicator that can be found on the popular MT4 platform. It is widely recognized among traders for its accuracy and reliability. This powerful indicator is completely free, making it accessible to all forex traders. The Kijun Sen Indicator works by calculating the mid-point of the last 26 periods and plots it on the chart. This line represents the equilibrium price level, acting as a support or resistance level. Traders often use this indicator to identify trends and potential reversal points in the forex market. To use the Kijun Sen Indicator, simply add it to your MT4 platform and it will automatically appear on your chart. Traders can then analyze its position relative to the price to determine potential entry or exit points. Additionally, this indicator can be combined with other technical analysis tools to enhance its effectiveness. Overall, the Kijun Sen Indicator is a popular forex indicator known for its usefulness and accuracy. It is an essential tool for any trader looking to make informed decisions in the dynamic forex market.
MT4
Kijun Sen
Kijun Sen Indicator is a popular and useful forex indicator for MT4. It is a free indicator that can be utilized to analyze market trends accurately. By assessing price levels and specific calculations, this indicator can offer insights into potential market reversals and trend continuations. Traders can use this indicator to make informed trading decisions and identify profitable entry and exit points. The Kijun Sen Indicator is a valuable tool for any forex trader looking to enhance their market analysis.
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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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