The Schaff Trend Cycle (STC) is a popular and useful forex indicator for MetaTrader 4 (MT4) that helps traders identify trends in the market. This free indicator combines the power of two moving averages with a stochastic oscillator to provide accurate buy and sell signals. The STC indicator works by calculating the difference between the high and low prices over a specific period of time, then smoothing out the results with a moving average. The result is a smoother, more reliable trend indicator that can help traders make informed trading decisions. To use the Schaff Trend Cycle indicator, simply add it to your MT4 chart and look for crossover points between the signal line and the main line. When the signal line crosses above the main line, it’s a bullish signal to buy. Conversely, when the signal line crosses below the main line, it’s a bearish signal to sell.
MT4
Schaff Trend S
Schaff Trend Cycle Indicator is a popular and useful forex indicator for MT4 that is available for free. It is designed to identify trends and potential reversals in the market. The indicator utilizes a combination of Exponential Moving Averages to generate buy and sell signals. Traders can use this indicator to make informed decisions and improve their trading strategies.
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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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