The Qianxi indicator is one of the most popular and useful free Forex indicators for MT4. It is designed to help traders identify possible price reversals and trends in the market. The indicator works by analyzing the price action of a currency pair and displaying a series of colored dots on the chart. The red dots indicate a possible reversal, while the green dots indicate a possible trend. The indicator also includes a histogram that displays the strength of the trend. The Qianxi indicator is easy to use and understand, making it a great tool for both beginner and experienced traders. To use the indicator, simply attach it to any chart and watch for the colored dots to appear. When the dots appear, traders can use them to identify potential entry and exit points. Additionally, traders can use the histogram to gauge the strength of the trend. By using the indicator, traders can identify possible reversals and trends, giving them an edge in the market.
MT4
Qianxi Indicator
The Qianxi MT4 Forex Indicator is a popular and free indicator that is useful for traders of all levels. The indicator is easy to install and use, making it perfect for both beginner and experienced traders. It uses a combination of trend analysis, technical indicators, and price action to identify entry and exit points. The Qianxi MT4 Forex Indicator is a great tool for traders who want to maximize their profits in the Forex 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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