The Supertrend Extended Indicator for MT5 is a useful tool for forex traders looking to identify trends in the market. This popular indicator is available for free and is easy to use on the MetaTrader 5 platform. The indicator works by plotting a line above or below the price chart, indicating the current trend direction. Traders can use this information to enter trades in the direction of the trend, helping to maximize profits and minimize losses. To use the Supertrend Extended Indicator, simply download and install it on your MT5 platform. Then, look for the indicator line to determine the trend direction. When the line is above the price chart, the trend is bullish, and when the line is below the price chart, the trend is bearish. Overall, the Supertrend Extended Indicator is a valuable tool for forex traders looking to improve their trading strategy.
MT5
Supertrend Extended
Supertrend Extended Indicator for MT5 is a popular and useful forex indicator. It is free to use and helps traders identify trends in the market. The indicator works by calculating the average true range to determine the direction of the trend. Traders can use this information to make informed trading decisions.
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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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