The Stoch Candles Indicator is a powerful and useful tool for Forex traders using the popular MT4 platform. This free indicator is designed to help traders identify potential buying and selling opportunities in the market. It does this by displaying the Stochastic Oscillator values on the price candles. This allows traders to quickly identify overbought and oversold conditions, as well as potential trend reversals. The Stoch Candles Indicator is easy to use and understand. Once installed on the MT4 platform, the indicator will display the Stochastic Oscillator values on the price candles. When the Stochastic Oscillator values are above 80, it indicates that the market is overbought and a potential reversal may be imminent. On the other hand, when the Stochastic Oscillator values are below 20, it indicates that the market is oversold and a potential reversal may be imminent. Overall, the Stoch Candles Indicator is a useful tool for Forex traders using the MT4 platform. It can help traders identify potential buying and selling opportunities, as well as potential trend reversals. Best of all, it is completely free to use.
MT4
Stoch Candles
The Stoch Candles Forex Indicator is a popular and free MT4 indicator that is useful for traders looking to improve their trading strategies. The indicator plots colored candles on the chart that indicate whether the market is overbought or oversold. The indicator is easy to use and can be used in combination with other indicators to improve trading accuracy.
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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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