The Overlay Spread Charts indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator allows traders to overlay the spread of two different currency pairs on the same chart. This is a great tool for traders who want to compare the spread of different pairs and spot any discrepancies. The Overlay Spread Charts indicator is easy to set up and use. All you need to do is select the two currency pairs you want to compare, and the indicator will automatically display the spread for each pair. You can customize the indicator to display a variety of spread parameters, including the bid-ask spread, the midpoint spread, and the pip spread. The indicator also displays the spread in a graphical format, which makes it easier to visualize the differences between the two currency pairs. This allows traders to quickly identify any discrepancies in the spread between the two pairs. This indicator is free to download and use on the MT4 platform, making it a popular choice among Forex traders.
MT4
Overlay Spread Charts
The Overlay Spread Charts Indicator is a useful and popular free Forex indicator for MT4. It allows traders to compare the spread of different currency pairs on the same chart. With the Overlay Spread Charts Indicator, traders can quickly identify the best currency pairs to trade and can make informed decisions on when to enter and exit a trade.
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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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