Price Counter Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy and simplicity. This free indicator displays the number of ticks that have occurred in the current bar, giving traders valuable information about market momentum and potential price movements. The Price Counter Indicator works by counting the number of price changes within the selected time frame, providing traders with a clear visual representation of market activity. By using this information, traders can make more informed decisions about entering or exiting trades. To use the Price Counter Indicator, simply install it on your MT4 platform and add it to your chart. The indicator will then display real-time data about price changes, helping you to identify trends and make accurate trading decisions. With its user-friendly interface and customizable settings, the Price Counter Indicator is a valuable tool for forex traders of all experience levels.
MT4
Price Counter
Price Counter Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy in tracking price movements. This free indicator counts the number of bullish and bearish candles in a customizable time frame, providing valuable insights for decision-making. It is easy to use and a must-have tool for forex traders looking to analyze market trends effectively.
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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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