The Shark Indicator is a useful and popular free MT4 Forex indicator. It is designed to help traders identify when a trend is about to form or reverse. It works by analyzing the market for certain price patterns and then providing signals when those patterns are detected. The indicator is easy to use and can be used on any time frame. It is also customizable, allowing users to adjust the settings to meet their trading needs. The Shark Indicator works by analyzing price movements and then providing signals when certain patterns are detected. It looks for price breakouts, which indicate a trend reversal is likely to occur. It also looks for price retracements, which indicate a trend is likely to continue. The indicator also looks for divergences, which indicate that a trend may be about to reverse. With the Shark Indicator, traders can be prepared for trend reversals and take advantage of them.
MT4
Shark Indicator
The Shark Indicator is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. The indicator consists of two lines, the red line which is the fast moving average and the blue line which is the slow moving average. It is easy to use and can be used in any time frame, making it a popular choice among Forex traders.
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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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