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Lopez Trend

The Lopez Trend indicator for MT4 displays an accurate trend analysis of the market. It is a great way to get an indication of possible market trends and can help traders make better decisions when trading Forex.

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Description

The Lopez Trend indicator for MT4 is an optimized Forex indicator designed to follow market trends efficiently by filtering out fluctuations and market noise. It’s a great indicator for identifying trend change and the market’s direction.

This technical indicator delivers optimal results in the lower time frames, making it an ideal tool for identifying scalping and intraday trading opportunities. Besides, the indicator is chart-friendly and has easy-to-understand signals. Thus, it can be used by novice and experienced traders to identify trend changes and the direction of the market without hassle.

Features of the Lopez Trend Indicator for MT4

The indicator is built with upper and lower bands to gauge overbought and oversold zones of the price for potential reversal. Besides, it has a thick dynamic line that follows the market to determine the direction. The line alternates between blue and red, which suggests a bullish and bearish trend, respectively.

So, traders can look for buying opportunities when the indicator’s line changes to blue or sell when it turns red. Additionally, the indicator sends alert notifications to traders via email and push messages on changes in the market trend. This helps traders to keep a tab of the indicator’s signals even when off the chart.

Benefits of Using the Indicator

  • Improves Trading Accuracy: The indicator provides an accurate analysis of the market conditions, which helps traders in making better trading decisions.
  • Time-Saving: The indicator saves the time it would take traders to analyze the market for trend changes.

Indicator Settings Description

The indicator comes with the following customizable settings:

Amplitude: Defines the indicator’s sensitivity to trend changes.

AlertCaption: Defines the text displayed on an alert notification.

DisplayAlerts: Enables/Disables the display of alerts.

EmailAlerts: Enables/Disables alerts via email notification.

PushAlerts: Enables/Disables alerts via push notification.

SoundAlert: Enables/Disables sounds on alert.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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