SM ADR Marker indicator is a popular and useful forex indicator for MT4 that helps traders to identify the average daily range of a currency pair. This free indicator utilizes historical price data to calculate the average daily range, which can be a valuable tool for setting profit targets and stop loss levels. The SM ADR Marker indicator displays the average daily range as a visual marker on the price chart, making it easy for traders to see at a glance how much volatility to expect in a particular currency pair. This information can help traders make more informed trading decisions and better manage risk. To use the SM ADR Marker indicator, simply install it on your MT4 platform and apply it to the chart of the currency pair you are trading. The indicator will then display the average daily range as a line on the chart, allowing you to adjust your trading strategy accordingly.
MT4
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SM ADR Marker
SM ADR Marker Indicator is a useful forex indicator for MT4. It is a popular free indicator that helps traders identify average daily ranges in the forex market. By using this indicator, traders can better plan their entries and exits based on market volatility. Simply add the indicator to your chart and observe the average daily ranges displayed on the screen.
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Category: Support & Resistance
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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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