The Trend Lines Day Indicator is a free and popular Forex indicator for the MT4 platform. It is a useful tool for traders looking to identify trends in the Forex market. The indicator plots a series of trend lines on the chart, helping traders to quickly identify the direction of the trend. It works by plotting two lines on the chart, one for the current day and one for the previous day. The indicator then compares the closing prices of the two lines and determines the direction of the trend. If the current day’s line is higher than the previous day’s line, then the trend is up. If the current day’s line is lower than the previous day’s line, then the trend is down. The Trend Lines Day Indicator is easy to use and can be quickly added to any chart. Once it is added, traders can quickly identify the direction of the trend and make timely trading decisions. The indicator is also customizable, allowing traders to adjust the settings to best suit their trading style. This makes the Trend Lines Day Indicator a popular and useful tool for Forex traders.
MT4
Trend Lines Day
The Trend Lines Day Indicator is a useful and popular free MT4 Forex indicator that helps traders identify potential trend lines on the chart. This indicator uses a combination of moving averages and price action to draw trend lines automatically, allowing traders to quickly and easily identify potential entry and exit points. It is a great tool to help traders maximize their trading potential.
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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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