The Linear Indicator is a useful forex indicator specifically designed for MT4, making it one of the most popular choices among traders. This indicator is free to download and can be easily integrated into your trading platform. The Linear Indicator works by analyzing price movement and identifying trend direction. It plots a straight line on the trading chart, making it easy to visually determine market trends. Traders can use this indicator to enter and exit trades, as well as to set stop-loss and take-profit levels. To use the Linear Indicator, simply download it onto your MT4 platform and attach it to your trading chart. The indicator will then automatically start analyzing price data and displaying trend lines. Traders can adjust the indicator’s settings to suit their individual trading preferences.
MT4
Lineaire
Lineaire Indicator is a useful tool for Forex traders using MT4. This popular, free indicator helps to identify trends in the market with its linear regression algorithm. Simply add it to your charts and adjust the settings to suit your trading style. Use it to enhance your analysis and make more 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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