The Signals Channel Alert Indicator is a useful forex indicator that is popular among MT4 users. This free indicator provides signals based on a customizable channel, allowing traders to easily identify potential trading opportunities. The indicator works by plotting a channel on the price chart, with alerts generated when the price breaks out of this channel. Traders can set their desired parameters for the channel, such as the width and color, to suit their trading style. To use the Signals Channel Alert Indicator, simply install it on your MT4 platform and apply it to your preferred currency pair or asset. When a signal is triggered, an alert will be sent to notify you, allowing you to promptly enter or exit trades. This indicator is a valuable tool for forex traders looking to enhance their trading strategies and make informed decisions in the market.
MT4
Signals Channel Alert
The Signals Channel Alert Indicator is a useful forex indicator for the MT4 platform. It is a popular and free tool that helps traders identify potential buy or sell signals based on channel breakouts. The indicator works by drawing channels on the price chart and providing alerts when the price breaks out of these channels. Traders can use this indicator 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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