The Price Volume Trend Indicator for MT5 is a popular and useful tool for forex traders. This indicator helps traders analyze the relationship between price movement and volume, providing valuable insights into market trends. By measuring the strength of a trend based on both price and volume changes, this indicator can help traders make more informed trading decisions. The Price Volume Trend Indicator for MT5 is free to use and easy to implement in your trading strategy. Simply add the indicator to your MT5 platform and customize the settings to suit your trading style. As prices move in tandem with trading volume, the indicator plots a line that indicates the strength of the trend. A rising line suggests a strong trend, while a falling line indicates a weakening trend. Overall, the Price Volume Trend Indicator for MT5 is a valuable tool that can enhance your trading experience and help you identify profitable opportunities in the forex market.
MT5
Price Volume Trend
Price Volume Trend Indicator for MT5 is a popular and useful forex indicator that is available for free. This indicator uses both price and volume to show the strength of a trend. It calculates the difference between the current and previous closing prices and multiplies it by the volume. Traders can use this information to confirm the strength of a trend and make informed trading decisions.
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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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