The MMR (Multi-Market-Reversal) Indicator is a popular and free Forex indicator for MT4 (MetaTrader 4) trading platforms. It is a useful tool for traders who want to identify potential market reversals in order to make better trading decisions. The MMR Indicator works by analyzing the markets and looking for potential reversals in the price action. It then displays a signal on the chart to indicate a potential reversal. The signal is displayed as a dotted line, and the color of the line indicates the direction of the reversal. For example, a red line indicates that the price is likely to reverse downwards, while a green line indicates that the price is likely to reverse upwards. The MMR Indicator is a great tool for traders who want to get an edge in the markets. It can be used to identify potential reversals and take advantage of them. It is also useful for traders who want to avoid entering trades too early, as the indicator can help to identify when the market is likely to reverse. The indicator is easy to use and can be quickly set up on any MT4 trading platform. It is also free to download and use, making it a popular choice for many traders.
MT4
MMR Indicator
The MMR Forex Indicator is a popular and free MT4 indicator that is useful for analyzing the Forex market. It is designed to provide traders with an easy-to-use tool that can help them identify and take advantage of potential trading opportunities. This indicator is popular among Forex traders because it is easy to use and provides reliable and accurate signals.
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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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