The Spectro Meter Separate Indicator is a useful and popular free tool for Forex traders using the MT4 platform. This indicator is designed to help traders identify the trend direction and measure the strength of the trend. It does this by combining two powerful oscillators: the MACD and the RSI. The MACD is used to detect the trend direction, while the RSI is used to measure the strength of the trend. The indicator has two lines: a blue line and a red line. The blue line is used to measure the strength of the trend, while the red line is used to detect the trend direction. The Spectro Meter Separate Indicator is easy to use. All the trader needs to do is to attach the indicator to the chart and it will start working. The indicator will display the blue and red lines on the chart, which will help the trader identify the trend direction and strength. The trader can then use this information to make decisions about when to enter or exit trades. With this indicator, traders can make better trading decisions and maximize their profits.
MT4
Spectro Meter Separate
The Spectro Meter Separate Indicator is a popular and free Forex indicator for MT4. This indicator works by analyzing the price movements of the currency pairs and displaying the trend in a histogram. It also provides an estimate of the strength of the trend, which can be used to identify the best entry and exit points. With this indicator, traders can easily identify the right time to enter and exit trades, making it a great tool for any Forex trader.
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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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