The Spread on Chart Indicator is a useful Forex indicator that can be effortlessly installed and used on the popular MT4 trading platform. As a free tool, this indicator provides traders with valuable insights into the spread of currency pairs directly on their charts. With this indicator, traders can easily visualize the difference between the ask and bid prices, which is crucial for understanding the overall cost of trading. Not only does this indicator assist traders in calculating costs accurately, but it also helps them to strategize their entries and exits more effectively. By having a clear visualization of the spread, traders can make informed decisions regarding their trading positions, ultimately aiming to maximize profits. Using the Spread on Chart Indicator is simple. After installation, the indicator automatically displays the spread on the chart window, ensuring ease of use for both beginner and experienced traders. By incorporating this powerful indicator into their trading strategy, Forex traders can gain a competitive edge by making more informed decisions based on accurate spread data.
MT4
Spread On Chart
The “Spread on Chart Indicator” is a useful Forex indicator available for the popular MT4 platform. This free indicator allows traders to accurately monitor and visualize the spread in real-time, providing essential information for their trading decisions. By displaying the spread directly on the chart, users can quickly analyze market conditions and make informed trading choices. Simply install the indicator on MT4 and begin utilizing its valuable spread monitoring capabilities.
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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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