The Forex Indicator with Candles MT4 is a popular and useful tool for traders looking to maximize their profits in the Forex market. This free indicator is designed to help traders identify and analyze trends in the market, allowing them to make informed decisions when trading. The indicator uses candles to display price action and allows traders to easily identify patterns and trends. The indicator displays a series of vertical lines that represent the open, high, low, and close prices of a certain currency pair. The color of the lines will change depending on the direction of the trend. If the price is trending upwards, the lines will be green, while if the trend is downwards, the lines will be red. By studying the colors of the lines, traders can quickly identify the direction of the trend and make informed decisions when trading. With its easy-to-use features and customizable options, the Forex Indicator with Candles MT4 is a great choice for any trader looking to maximize their profits in the Forex market.
MT4
Trading With Candles
This useful Forex indicator for MT4 is one of the most popular and free indicators available. It works by analyzing price action and candle formations to help traders identify potential entry and exit points in the Forex market. It can also be used to identify trading opportunities and to confirm trade signals. It is a great tool for any Forex trader looking to improve their trading performance.
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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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