The Tango Line Indicator is a popular and free Forex indicator for the MT4 trading platform. This useful indicator helps traders identify potential trading opportunities in the Forex market. It is easy to use and provides traders with a visual representation of the price action. The Tango Line Indicator works by plotting a line on the chart which follows the price action. The line is based on the average of the high and low prices of the currency pair. The indicator also plots a histogram which shows the difference between the current price and the average of the high and low prices. This helps traders identify potential trading opportunities. The Tango Line Indicator is a great tool for traders who want to identify potential trading opportunities. It is easy to use and provides traders with a visual representation of the price action. This indicator is especially useful for traders who are looking to spot potential reversals in the market. The indicator can also be used to identify support and resistance levels.
MT4
Tango Line
The Tango Line Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders to identify and take advantage of trending markets. The indicator works by analyzing the market and then drawing a line on the chart to indicate the trend. The line can be used to identify when a trend is starting, when it is continuing and when it is ending. It is also a popular choice among Forex traders due to its free availability.
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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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