The Kolier SuperTrend Indicator MT5 is a useful and popular free Forex indicator. It is designed to provide traders with a simple and efficient way to identify trends in the Forex market. The indicator works by analyzing price action and calculating the average true range of a currency pair. It then plots a line on the chart that is designed to act as a support and resistance level. When the price action crosses the line, it is indicative of a trend change. The indicator is easy to use and can be applied to any currency pair. It can be used to identify both short-term and long-term trends. It is also useful for identifying key support and resistance levels. The indicator can be used to identify entry and exit points for trades, as well as to measure the strength of a trend. It can also be used to help traders stay on top of market movements and make informed trading decisions.
MT5
Kolier Supertrend
The Kolier SuperTrend Indicator MT5 is a powerful and popular free Forex indicator that can be used to accurately identify trends in the currency markets. The indicator works by analyzing the price action of the currency pair and then using a combination of mathematical calculations and trend analysis to identify potential trading opportunities. With the Kolier SuperTrend Indicator MT5, traders can take advantage of the most profitable opportunities in the Forex markets.
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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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