The Traditional I-Trend Line Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders to identify and follow trends in the Forex market. The indicator draws two lines on the chart which correspond to the current trend and its direction. The first line is the trend line and the second line is the trend reversal line. The trend line is plotted by connecting the highest and lowest points of the price action over a given period of time. The trend reversal line is plotted by connecting the lowest point of the current trend with the highest point of the previous trend. The Traditional I-Trend Line Indicator is easy to use and can be used to identify potential entry and exit points. When the price action is above the trend line, it indicates a bullish trend and when it is below the trend line, it indicates a bearish trend. The trend reversal line can be used to identify potential reversal points. When the price action is above the trend reversal line, it indicates a potential reversal to the downside and when it is below the trend reversal line, it indicates a potential reversal to the upside.
MT4
Traditional I Trend Line
The Traditional I-Trend Line Indicator is a popular and useful free Forex indicator for the MT4 platform. This indicator is designed to help traders identify and draw trend lines on their charts. It uses traditional indicators to identify trend lines, such as support and resistance levels, and then plots them on the chart. It is a great tool for traders looking to identify and draw trend lines in the Forex market.
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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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