Time Segmented Volume Line MA is a popular forex indicator that is useful for traders using the MetaTrader 4 platform. It provides a visual representation of volume over a specific time segment, making it easier to identify trends and potential trading opportunities. The indicator works by calculating the volume for each time segment and then smoothing it with a moving average line. This helps traders see the overall volume trend and determine if it aligns with price movements. To use Time Segmented Volume Line MA, traders simply need to add it to their MT4 chart and adjust the settings to their preference. They can use it in conjunction with other technical indicators to confirm signals and make more informed trading decisions. Overall, this free forex indicator is a valuable tool for traders looking to analyze volume trends and improve their trading strategy.
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Time Segmented Volume Line MA
Time Segmented Volume Line MA is a popular and useful forex indicator for MT4 that is available for free. This indicator calculates volume bars based on time segments, providing a unique insight into market activity. Traders can use this information to make informed decisions about entry and exit points. Simply add the indicator to your chart and interpret the volume bars to enhance your trading strategy.
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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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