The MTF Candles Indicator is a powerful and useful Forex tool for traders of all levels. This popular and free MT4 indicator provides traders with a comprehensive view of the market, allowing them to better analyze and predict future market movements. The MTF Candles Indicator is designed to display multiple timeframes of the same currency pair on one chart. This means that traders can view different timeframes at once, allowing them to identify patterns and trends more quickly and accurately. The indicator also allows traders to customize the timeframes to suit their individual trading strategies. The indicator works by displaying multiple timeframes in the same chart window. This gives traders a better overview of the market, allowing them to identify and act on trends and patterns more quickly. The indicator also allows traders to customize their settings to fit their own trading strategies.
MT4
MTF Candles
The MTF Candles Indicator is a popular and useful Forex indicator for the MT4 trading platform. This free indicator is designed to help traders identify price movements and trends across multiple time frames. It displays candles on the chart for each timeframe, allowing traders to easily compare and analyze price action from different perspectives. With its simple yet powerful visual interface, the MTF Candles Indicator is a must-have tool for any Forex trader.
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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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