The NB CHI Channel True indicator for MT5 is a popular and useful forex indicator that helps traders identify potential trends in the market. This indicator is free to use and can be easily downloaded for use on the MT5 platform. The indicator works by plotting upper and lower channel lines based on the Chande Kroll Stop indicator. Traders can use these channels to help determine potential entry and exit points for their trades, as well as to set stop loss and take profit levels. To use the NB CHI Channel True indicator, simply add it to your chart on the MT5 platform and adjust the settings to suit your trading style. Traders can then monitor the price action in relation to the channel lines to make informed trading decisions. Overall, the NB CHI Channel True indicator is a valuable tool for forex traders looking to improve their trading strategies and identify profitable opportunities in the market.
MT5
NB Chi Channel True
The NB CHI Channel True Indicator for MT5 is a useful and popular forex indicator that is available for free. This indicator utilizes a channel based on the Chande Kroll Stop to help traders identify trend reversals and potential entry/exit points. It works by plotting dynamic support and resistance levels on the chart, providing valuable insights for traders.
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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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