The Monitoring Spread Indicator is a useful and popular free Forex indicator for MT4. It helps traders to monitor the spread of their chosen currency pairs in real-time, enabling them to make more informed decisions when trading. The indicator displays the spread of the chosen currency pair in a separate window, and also highlights any changes in the spread. This allows traders to quickly identify any potential trading opportunities or market movements. The indicator is easy to use, and can be quickly set up on any MT4 platform. All the user needs to do is add the indicator to their chart and select the currency pair they wish to monitor. Once the indicator is applied, it will display the spread of the chosen currency pair in the separate window. The indicator also highlights any changes in the spread, allowing traders to quickly identify any potential trading opportunities or market movements. The Monitoring Spread Indicator is a great tool for traders looking to gain an edge in the Forex market. By monitoring the spread of their chosen currency pairs in real-time, traders can make more informed decisions when trading. The indicator is free and easy to use, and can be quickly set up on any MT4 platform.
MT4
Monitoring Spread
This free Forex Indicator for MT4 is a useful tool for monitoring the spread of currency pairs. The indicator displays the spread in pips, which makes it easier to compare different currency pairs. It also helps traders to identify when the spread is widening and when it is narrowing. This makes it a popular choice amongst Forex traders as it helps them to monitor the spread of their trades with ease.
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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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