The Parabolic Sub Indicator is a useful and popular free Forex indicator for MT4. It is based on the Parabolic SAR trading system developed by Welles Wilder. The indicator is designed to help traders identify potential entry and exit points in the market. It works by plotting dots above or below the price action, depending on the direction of the trend. When the dots are above the price, it indicates a downtrend, and when the dots are below the price, it indicates an uptrend. The indicator is also able to adjust its sensitivity to the market, allowing traders to adjust the indicator to their own trading style. The indicator is also able to adjust its sensitivity to the market, allowing traders to adjust the indicator to their own trading style.
MT4
Parabolic Sub
The Parabolic Sub Indicator is a useful and popular free Forex indicator for MT4 trading platforms. The indicator works by tracking the price action of the market and then plotting a series of dots that form a parabolic curve. It is easy to use and can help traders identify 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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