The Spread Chart Indicator is a useful and popular free MT4 Forex indicator that can help traders to better understand the current market spread of a currency pair. The indicator shows the spread in real-time, allowing traders to make informed decisions when entering or exiting the market. This indicator is easy to use and can be quickly installed on any MT4 platform. The Spread Chart Indicator is designed to display the current spread of a currency pair on the chart. It also displays the average spread of the currency pair over a period of time. This can be useful for traders to identify trends in the spread and to make informed decisions when entering or exiting the market. By displaying the spread in real-time, traders can use the indicator to identify support and resistance levels in the spread and to make informed decisions when entering or exiting the market.
MT4
Spread Chart
The Spread Chart Forex Indicator is a useful tool for traders to monitor the current spread of their Forex trading. It also provides a visual representation of the spread, making it easier to understand the changes in the spread. The Spread Chart Forex Indicator is a great tool for traders to monitor their spreads and make profitable trades.
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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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