The M Candles Indicator is one of the most popular and useful free Forex indicators available for the MT4 platform. It is a simple yet powerful tool that allows traders to quickly identify the direction of the trend and the strength of the current trend. The indicator displays the current trend direction on a chart with colored candles, each of which corresponds to a certain market condition. The colors of the candles represent either a bullish or bearish trend and the size of the candle indicates the strength of the trend. The M Candles Indicator can be used to identify potential entry and exit points in the market. It can also be used to identify support and resistance levels, as well as to identify potential reversals. The indicator is easy to use and understand, making it ideal for both novice and experienced traders. The indicator is also customizable, allowing traders to adjust the colors of the candles and the size of the candles to suit their individual trading style. With its simple yet powerful features, the M Candles Indicator is a must-have for any serious Forex trader.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/06/M-Candles-Indicator-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/M-Candles-Indicator-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/M-Candles-Indicator-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/06/M-Candles-Indicator-screenshot-3-230x144.png)
M Candles
The M Candles Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is a powerful tool that helps traders identify price trends and reversals in the market. With its easy to use interface, the M Candles indicator is a great choice for traders of all levels. It is especially useful for those who are new to Forex trading and want to get a better understanding of how the markets work.
Timeframe | , |
---|---|
Indicator Type | |
Trading Style | , |
Platform |
0
People watching this product now!
Category: Signal
Downloads - 36
Description
Reviews (0)
Be the first to review “M Candles” Cancel reply
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.
Related products
PZ ABCD Retracement
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
Schaff Trend Cycle
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MA Crossover Alerts
The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
Qualitative Quantitative Estimation
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
MACD Crossover Arrows & Alert
The MACD Crossover Arrows Alert indicator is a useful and free forex indicator for the MT4 trading platform. This indicator is designed to detect and signal bullish and bearish moving average convergence-divergence (MACD) indicator crossover signals. It draws arrows on the chart to indicate the direction of the trend, making it easier for traders to identify trading opportunities. The MACD Crossover Arrows Alert indicator is a popular and free tool for Forex traders of all skill levels.
Reviews
There are no reviews yet.