The SM Price Bend Indicator is a popular and useful free Forex indicator for the MT4 trading platform. This indicator helps traders identify potential support and resistance levels in the market, as well as possible price reversals. The indicator plots a line on the chart that follows the price action, which can be used to identify potential entry and exit points. The SM Price Bend Indicator uses a combination of moving averages and a custom algorithm to determine support and resistance levels. The indicator will plot a line on the chart that moves with the price, indicating potential support and resistance levels. The indicator also uses a custom algorithm to identify potential price reversals, which can be used to identify potential entry and exit points. With its easy to use features, the SM Price Bend Indicator is a great tool for any Forex trader.
MT4
SM Price Bend
The SM Price Bend Indicator is a useful and popular free Forex indicator for MT4. The indicator works by plotting a line on the chart that shows the average price of the last few candles, which helps to identify areas of support and resistance. The indicator is easy to use and can be used in combination with other indicators to increase the accuracy of the signals.
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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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