The Spread Mon-Kyo Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify potential price movements and trends in the Forex market. The indicator is based on the spread of two moving averages, and the difference between them is used to determine the direction of the trend. The indicator is also able to detect potential entry and exit points in the market. The Spread Mon-Kyo Indicator is easy to use and understand. It has two lines, one representing the fast moving average and the other representing the slow moving average. The indicator will then calculate the difference between the two lines and display it as a histogram. The histogram will then be used to identify potential entry and exit points in the market. The indicator is free to download and use, making it a popular choice among Forex traders.
MT4
Spread Mon KYO
The Spread Mon-Kyo Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify the spread of a currency pair, and it does this by displaying the spread in pips on the chart. The indicator is also very popular among traders as it is free, easy to use, and provides a valuable insight into the spread of a currency pair.
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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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