The MACD Different Pairs Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4) trading platforms. This indicator is designed to compare the relative strength of different currency pairs, so that traders can make informed decisions when trading multiple pairs. The MACD Different Pairs Indicator works by calculating the differences between the Moving Average Convergence Divergence (MACD) of different currency pairs. It then plots the differences on a separate chart window, so traders can easily compare the relative strength of different pairs. The indicator also includes a histogram, which shows the relative strength of each pair in a graphical format. The MACD Different Pairs Indicator is a great tool for traders who are looking to diversify their portfolio and trade multiple pairs at once. It allows traders to identify which pairs are the strongest and weakest, so they can adjust their trading strategy accordingly. The indicator also helps traders identify possible entry and exit points, as well as potential trading opportunities. The indicator is also compatible with all major MT4 trading platforms, making it a great choice for both beginner and experienced traders.
MT4
MACD Different Pairs
The MACD Different Pairs Indicator is a useful and popular free Forex tool for MT4 traders. The indicator displays the difference between the two MACD lines, which can help traders identify potential trading opportunities. It is a great tool for Forex traders of all levels, from beginner to advanced.
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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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