The Non-Lag Dot Indicator for MT5 is a popular and useful tool for forex traders. This indicator is free to use and is designed to help traders identify trends and potential entry points in the market. The Non-Lag Dot Indicator works by placing dots on the chart to highlight areas where the trend may be changing direction. This can help traders make informed decisions about when to enter or exit trades. To use the Non-Lag Dot Indicator, simply add it to your MT5 chart and adjust the settings to your preferences. When a dot appears on the chart, pay attention to the direction and color of the dot to determine the trend. Green dots indicate an uptrend, while red dots indicate a downtrend. Overall, the Non-Lag Dot Indicator is a valuable tool for forex traders looking to improve their analysis and decision-making process.
MT5
Non Lag Dot Indicator
Non-Lag Dot Indicator MT5 is a popular and useful forex indicator that is available for free. It works by providing accurate buy/sell signals without repainting, making it reliable for traders. To use it, simply follow the dots on the chart – when a blue dot appears, it’s a buy signal, and when a red dot appears, it’s a sell signal.
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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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