The Stochastic Tape MTF NMC indicator for MT4 is a useful and popular free Forex indicator. It is designed to provide traders with an easy-to-understand visual representation of the price action. The indicator uses two different time frames to show the current trend and to identify potential entry and exit points. The indicator plots a line that moves up and down between two levels, indicating the strength of the trend. As the line moves up, the trend is strong and the price is likely to continue in the same direction. As the line moves down, the trend is weak and the price is likely to reverse. The indicator also plots a histogram that shows the momentum of the trend. The histogram bars are colored green when the momentum is increasing and red when the momentum is decreasing. This helps traders to identify potential entry and exit points. The indicator also includes an alert feature that notifies traders when the trend is changing. The Stochastic Tape MTF NMC indicator is easy to install and use. It is compatible with all major versions of the MT4 trading platform. It is a great tool for novice and experienced traders alike. The indicator is an invaluable tool for traders who want to identify potential entry and exit points quickly and accurately.
MT4
Stochastic Tape NMC
The Stochastic Tape MTF NMC indicator is a useful and popular Forex trading tool for the MT4 platform. The indicator displays a moving average and a stochastic oscillator on the same chart, allowing traders to quickly identify trend direction and potential entry and exit points. It is a popular choice among traders, and is an excellent choice for those who are looking for an effective and reliable trading tool.
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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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