The Spread Information Chart Indicator is a useful tool for forex traders using the MT4 platform. This popular and free indicator provides valuable information about the spread on currency pairs, helping traders make more informed trading decisions. The indicator works by displaying the current spread as a line on the chart, allowing traders to easily see how the spread is fluctuating over time. This can be especially helpful during times of high volatility when spreads tend to widen. To use the Spread Information Chart Indicator, simply download and install it on your MT4 platform. Once activated, the indicator will automatically display the spread information on your charts, giving you a clear picture of the costs involved in trading a particular currency pair. This can help you better manage your risk and optimize your trading strategy for success in the forex market.
MT4
Spread Information Chart
Spread Information Chart Indicator is a popular and useful forex indicator for MT4. It provides free information about spread levels directly on the chart, allowing traders to make informed decisions based on current market conditions. This indicator is easy to use and helps traders monitor spread changes in real-time, enhancing their trading strategies.
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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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