The Multi Time Frame Moving Averages forex indicator is a powerful and useful tool for traders who want to stay on top of the ever-changing markets. This free indicator for the MetaTrader 4 (MT4) platform is one of the most popular and widely used indicators by traders all over the world. It allows traders to monitor the trend of the market using multiple time frames, giving them a better picture of the overall direction of the market. This indicator works by plotting the moving average of the price action over a set of multiple time frames. For example, traders can choose to display the moving average of the last 5 minutes, 1 hour, 4 hours, 1 day, 1 week, and 1 month. This allows traders to better identify the trend and make better trading decisions. The indicator also allows traders to customize the color and line style of each time frame, giving traders more control over how their charts look. This free indicator is a must-have for any trader looking to stay ahead of the markets.
MT4
MTF Moving Averages
This free Forex indicator is a useful tool for traders who want to get a better understanding of the market. It plots the moving averages of multiple time frames on the same chart, which helps traders to easily identify the trend. With this indicator, traders can easily identify the overall trend of the market and make informed decisions.
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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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