Signal Candles Indicator is a useful and popular Forex indicator for the MT4 platform. This free indicator is designed to help traders identify potential entry and exit points. It is a trend-based indicator that uses a combination of moving averages to generate buy and sell signals. The indicator uses a variety of parameters such as the period of the moving average, the type of moving average, and the number of candles used to generate the signals. The Signal Candles Indicator is a great tool for traders who want to quickly identify potential entry and exit points. The indicator uses a combination of moving averages to generate buy and sell signals. When the moving average crosses above the price, it is a signal to buy. When the moving average crosses below the price, it is a signal to sell. The indicator also uses other parameters such as the period of the moving average, the type of moving average, and the number of candles used to generate the signals. With this indicator, you can easily identify potential entry and exit points and take advantage of them.
MT4
Signal Candles
Signal Candles is a useful and popular free Forex MT4 indicator that helps traders identify potential entry points in the market. The indicator draws signal candles on the chart, which can be used to identify potential entry points. The indicator is easy to use and is a great tool for any trader looking for a reliable way to spot potential trading opportunities.
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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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