The SHI Mod Indicator is a popular and useful forex indicator that is compatible with the MT4 platform. This indicator is widely used by traders for its accuracy in predicting market trends and movements. Despite its popularity, the SHI Mod Indicator is available for free, making it accessible to all traders. The SHI Mod Indicator works by analyzing historical price data to identify key levels of support and resistance. This information is then used to generate buy and sell signals, helping traders make informed decisions about when to enter or exit trades. To use the SHI Mod Indicator effectively, traders can customize the settings to suit their trading style and preferences. In summary, the SHI Mod Indicator is a powerful forex tool that can enhance a trader’s decision-making process. Whether you are a beginner or experienced trader, this indicator can help you improve your trading strategy and ultimately, your profitability.
MT4
SHI Mod
The SHI Mod Indicator is a useful forex indicator for MT4 that is popular among traders. It is a free tool that helps traders identify trends and potential reversal points in the market. The indicator works by analyzing price movements and displaying signals on the chart. Traders can use this information to 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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