The Smooth Candle Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator helps traders identify trends in the forex market by smoothing out the price action on their charts. The indicator works by averaging out the open, high, low, and close prices of each candle, creating a smoother visual representation of price movement. This can help traders identify potential entry and exit points more easily, as well as spotting trends and reversals. To use the Smooth Candle Indicator, simply download and install it on your MT4 platform, then apply it to your chart. You can customize the settings to suit your trading style and preferences. Overall, this indicator can be a valuable tool for forex traders looking to improve their analysis and decision-making process.
MT4
Smooth Candle
Smooth Candle Indicator for MT4 is a useful forex tool that is popular among traders for its free availability. This indicator smoothens out candlesticks on the chart to provide a clearer view of price action. Traders can use it to identify trends, reversals, and potential entry/exit points. The Smooth Candle Indicator is easy to use and can be a valuable addition to any trading strategy.
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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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