The Parabolic Close indicator is a useful and popular free Forex indicator for the MT4 platform. It helps traders to identify potential entry and exit points in the market. The Parabolic Close indicator is based on the Parabolic SAR indicator, which uses a trailing stop and reverse system to identify the trend direction. The Parabolic Close indicator uses the same system to help traders identify when the current trend is likely to reverse. The Parabolic Close indicator works by plotting points on the price chart that indicate when the current trend is likely to reverse. These points are based on the Parabolic SAR indicator, which uses a trailing stop and reverse system to identify the trend direction. The Parabolic Close indicator plots these points on the price chart in the form of arrows. When the arrows point downwards, it indicates that the current trend is likely to reverse and the trader should close their position. Conversely, when the arrows point upwards, it indicates that the current trend is likely to continue and the trader should stay in their position.
MT4
Paragolic Close
The Paragolic Close Indicator is a useful and popular Forex indicator for MT4 that is available for free. When the Parabolic SAR is above the Close Price, it indicates a bearish trend, and when it is below the Close Price, it indicates a bullish trend. The Paragolic Close Indicator can be used to identify potential entry and exit points in the market. The Paragolic Close Indicator is a great tool for traders who want to make informed decisions about their trades.
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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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