The Temporary Fair Value Indicator is a popular and free MT4 indicator that is useful for Forex traders. This indicator helps traders identify the current market trend and identify potential entry and exit points. It does this by monitoring the price action of a currency pair and displaying the average price of the pair over a certain period of time. This indicator is especially useful for traders who are looking to capitalize on short-term market movements. The indicator uses various technical indicators such as moving averages, Bollinger Bands, and MACD to calculate the average price of a currency pair. It then compares this average price to the current price of the pair and displays the difference between the two as a percentage. This percentage can then be used to determine whether the market is in an uptrend or a downtrend. If the indicator shows that the price is above the average price, it is likely that the market is in an uptrend. On the other hand, if the indicator shows that the price is below the average price, it is likely that the market is in a downtrend. This indicator can be used to make informed decisions about when to enter and exit trades.
MT4
Temporary Fair Value
This free Forex indicator is a useful tool for traders in the foreign exchange market. It works by analyzing the current market conditions and providing a signal when a short-term trend reversal is likely to occur. With its easy-to-use features and intuitive interface, the Temporary Fair Value Indicator is a must-have for any Forex trader.
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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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