The Trend Arrow Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) trading platform. This indicator displays arrows on the chart that signal the direction of the trend, helping traders to identify the trend and make better trading decisions. The Trend Arrow Indicator is designed to be simple and easy to use, so traders of all experience levels can benefit from it. It uses a combination of technical indicators to determine the direction of the trend and display an arrow on the chart. The indicator also includes an alert feature so traders can be notified of a new trend arrow. The Trend Arrow Indicator is a great tool for traders looking for an easy way to identify the trend. It can be used to determine the direction of the trend, as well as to identify potential entry and exit points. Traders can also use the indicator to identify potential support and resistance levels. It can help traders make better trading decisions and identify potential entry and exit points.
MT4
Trend Arrow
The Trend Arrow Indicator is a useful and popular free Forex indicator for MT4. The indicator displays arrows on the chart which indicate the direction of the trend. It is a great way to quickly identify potential entry and exit points in the 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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