The PET-D Forex Indicator is a useful and popular free tool for MT4 traders. It is used to detect trend reversals and is based on the Parabolic SAR (Stop and Reverse) indicator. The indicator works by plotting dots above and below the price on the chart. When the dots are below the price, it indicates an uptrend and when the dots are above the price, it indicates a downtrend. The PET-D Forex Indicator is a great tool for traders looking for a reliable way to identify trend reversals. The indicator is easy to use and understand, which makes it popular among traders. To use the indicator, traders simply need to look for the dots plotted on the chart. If the dots are below the price, it indicates an uptrend and if the dots are above the price, it indicates a downtrend. Traders can then use this information to enter and exit trades accordingly. The PET-D Forex Indicator is a great tool for traders looking to identify trend reversals in the Forex market. It is easy to use and understand, and can be used on any time frame.
MT4
Pet-D Indicator
The Pet-D Indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels. It is designed to provide traders with insight into the direction of the market, helping them to make informed decisions and maximize their profits. The indicator uses a combination of technical analysis and price action to generate signals, which can be used to identify entry and exit points for trades. It is easy to use, and its features are customizable, allowing traders to tailor it to their individual trading style. With its easy to understand signals and customizable features, it is a great way to increase your chances of success in the Forex markets.
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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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