The Price Percent Range (PPO) indicator is a useful tool for forex traders using the popular MT4 platform. This indicator is free to use and can help traders analyze price movements and trends in the market. The PPO indicator calculates the percentage difference between a security’s price and its moving average over a specified period. This information is then plotted on a chart, allowing traders to identify potential entry and exit points based on overbought or oversold conditions. To use the PPO indicator, traders can simply add it to their MT4 chart and customize the settings to suit their trading strategy. When the indicator crosses above the 0 level, it is a bullish signal, while a cross below the 0 level indicates a bearish signal. By incorporating the PPO indicator into their trading strategy, forex traders can make more informed decisions and potentially increase their profitability.
MT4
Price Percent Range
Price Percent Range Indicator MT4 is a useful forex indicator that is popular among traders. It is available for free and can be easily integrated into the MetaTrader 4 platform. This indicator calculates the percentage difference between the current price and the highest/lowest price over a specified period. Traders use this information to identify potential trend reversals or overbought/oversold conditions in the market.
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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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