MPCandle Indicator is a popular and highly useful forex indicator available for free on the MT4 platform. This indicator is designed to enhance trading efficiency and accuracy by providing detailed information about the price movements in the forex market. The MPCandle Indicator works by visually displaying different candlestick patterns on the trading chart, thereby helping traders to analyze market trends and make informed trading decisions. With the help of this indicator, traders can easily identify bullish or bearish candlestick patterns, such as engulfing patterns, shooting star, morning star, Doji, and many more. To use the MPCandle Indicator, simply download and install it onto your MT4 platform. Once activated, the indicator will automatically generate the candlestick patterns on your trading chart, making it easier for you to identify entry and exit points for your trades. This forex indicator is highly recommended for both beginner and experienced traders who seek to improve their trading strategies and make more informed decisions in the forex market.
MT4
Mpcandle Indicator
The MPCandle Indicator is a popular and useful free forex indicator for MT4. This indicator provides detailed information about candle patterns and their significance in forex trading. It helps traders identify potential market trends and make informed decisions. By analyzing the candlestick formations, traders can determine entry and exit points in their trading strategy. Additionally, the MPCandle Indicator is user-friendly, making it easy for traders to apply its functionality and benefits to their trading activities.
| Indicator Type | |
|---|---|
| Trading Style | , |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 7
Description
Reviews (0)
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
Position Size Calculator
The Position Size Calculator indicator is a new and popular tool for forex traders that can be downloaded for free on the MT4 platform. This helps traders determine the correct position size for their trades based on the account balance, risk tolerance and the currency pair they are trading. The indicator takes into account the stop loss level, pip value and currency pair volatility to ensure that traders do not risk more than they can afford to lose. It is an essential tool for both beginners and experienced traders who want to effectively manage their risks and maximize their potential profits.
Forex Breakout Box
The Forex Breakout Box Indicator is a popular and free MT4 forex indicator for traders who want to identify potential breakouts in the market. It is useful for both short-term and long-term traders as it displays support and resistance levels in the form of boxes on the chart. The indicator also offers a visual representation of the trend by plotting a line connecting the highs and lows of the boxes. This makes it an invaluable tool for traders who want to stay ahead of the market and make the most of their trading opportunities.
My Price Action
My Price Action Indicator is a nice and accurate forex trading indicator available for free on MT4 platrorm. This indicator uses historical price data to generate visual signals by highlighting support and resistance zones, trend lines, and chart patterns that can be used to make informed trading decisions. Whether you are a beginner or an experienced trader, My Price Action Indicator can provide valuable insights into the market to help you make profitable trades.
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.
Candlestick Pattern
The Candlestick Pattern Indicator is a popular and free forex indicator that identifies various candlestick patterns on charts. It is a new MT4 indicator that analyzes the charts and displays candlestick patterns such as Doji, Hammer, Shooting Star, and more. The indicator also shows the pattern's name and signal strength, making it easier for traders to make trading decisions. This indicator is an essential tool for both novice and experienced traders who want to trade using candlestick patterns.
Three Drives Pattern
The Three Drives Pattern Indicator is a useful and popular free Forex indicator for MT4. It works by analyzing the price action of a given financial asset and then looking for three distinct price points that form a pattern. If the pattern is identified, then the indicator will alert the trader to a potential reversal in the trend. The Three Drives Pattern Indicator is a great indicator for traders who want to take advantage of the potential for quick profits when the market reverses.
Reviews
There are no reviews yet.