Obtr Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify trend reversals and make successful trading decisions. The indicator works by analyzing the price action of the currency pair and calculating the trend direction. It then plots a line on the chart that shows the direction of the trend. The line changes color when the trend is about to reverse. The indicator is easy to use and can be used in any timeframe. It can be used on all currency pairs and is suitable for both short-term and long-term traders. The indicator can be used in combination with other technical indicators to identify entry and exit points. It can also be used to identify support and resistance levels. Overall, the Obtr Indicator is a great tool for traders looking for an easy to use and reliable indicator. It is free to download and can be used on any MT4 platform.
MT4
OBTR Indicator
The OBTR Forex Indicator is one of the most popular and useful MT4 tools for any trader in the Forex market. The OBTR Indicator uses a combination of technical indicators to analyze price movements and generate signals for entry and exit points. It also provides a visual representation of the market, allowing traders to make informed decisions quickly. It is a great way to gain an edge in the Forex market and make more profitable trades. With the OBTR Indicator, traders can identify and take advantage of potential trading opportunities quickly and easily.
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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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