The Solid Double Bar Indicator for MT4 is a popular and free Forex indicator that is useful for traders who want to identify potential entry and exit points in the market. This indicator works by plotting two horizontal lines on the chart which represent the high and low of the current bar. This indicator is a great tool for traders who want to identify potential entry and exit points in the market as it allows them to easily spot when the price is breaking out of a range. The Solid Double Bar Indicator for MT4 can be used to identify potential support and resistance levels, trends, and price breakouts. It can also be used to identify potential reversal patterns such as double tops and double bottoms. The indicator is highly customizable, allowing traders to adjust the parameters to suit their trading style and preferences. The Solid Double Bar Indicator for MT4 is a great tool for traders who want to identify potential entry and exit points in the market. It is easy to use, highly customizable, and free to download, making it a popular choice among Forex traders.
MT4
Solid Double Bar
The Solid Double Bar Indicator for MT4 is a popular and free Forex indicator that is useful for traders of all levels. It works by displaying a red or green arrow on the chart when a double bar formation is detected. The arrow will point in the direction of the potential reversal. The Solid Double Bar Indicator for MT4 is a great way to identify potential reversals and make the most of your trading opportunities.
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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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