The Stat Informer indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator provides important statistical information on the currency pair being traded, helping traders make more informed decisions. The indicator displays key data such as current trend, volatility, spread, and volume, giving traders a better understanding of market conditions. This information can be used to identify potential entry and exit points, as well as to manage risk more effectively. To use the Stat Informer indicator, simply install it on your MT4 platform and apply it to your trading chart. The indicator will automatically update in real time, providing you with valuable insights into the forex market. Whether you are a novice or experienced trader, the Stat Informer indicator can help enhance your trading strategy.
MT4
Stat Informer
Stat Informer Indicator is a popular and useful forex indicator for MT4, available for free. It provides traders with important statistics and information to help inform trading decisions. The indicator works by analyzing market data and presenting it in an easy-to-read format, allowing users to make more informed choices when trading forex.
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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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