The Silver Sen Indicator is a useful forex indicator that is compatible with MT4 and has become popular among traders. It is a free indicator that helps traders identify trend direction and potential reversal points in the market. The indicator works by analyzing price action and providing signals based on the intersection of two lines on the chart. When the Silver line crosses above the Sen line, it indicates a bullish trend, while a cross below indicates a bearish trend. Traders can use these signals to enter and exit trades, as well as set stop-loss and take-profit levels. To use the Silver Sen Indicator, simply download and install it on your MT4 platform, then apply it to your chart. You can customize the indicator settings to suit your trading style and preferences.
MT4
Silver SEN
Silver Sen Indicator is a useful forex indicator for MT4 that is becoming increasingly popular among traders. This free indicator works by identifying potential market trends based on Silver Channel lines. Traders can use the indicator to make informed decisions on when to enter or exit trades, ultimately helping to improve overall 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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