The MTF PSAR indicator is a popular forex indicator that is widely used by traders on the MT4 platform. This indicator is useful for identifying potential trend reversals in the forex market. The MTF PSAR indicator is based on the Parabolic SAR (Stop and Reverse) indicator, which helps traders identify potential entry and exit points. The MTF PSAR indicator works by plotting dots above or below the price chart, depending on the direction of the trend. When the dots are above the price chart, it indicates a bearish trend, and when the dots are below the price chart, it indicates a bullish trend. Traders can use the MTF PSAR indicator to confirm the direction of the trend and make informed trading decisions. Best of all, the MTF PSAR indicator is free to download and use, making it a valuable tool for forex traders looking to improve their trading strategy.
MT4
Psar
MTF PSAR Indicator is a popular and useful forex indicator that is available for free on MT4. This indicator uses the Parabolic SAR (Stop and Reverse) technique to identify potential trends in the market. Traders can use this indicator to make informed decisions on when to enter or exit trades based on the changes in trend direction.
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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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