The Trend Logic Indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels. It is designed to help traders identify the strongest trends and easily spot potential entry and exit points. With its simple and intuitive design, the Trend Logic Indicator makes it easy for traders to analyze the market and make informed trading decisions. The Trend Logic Indicator is based on a sophisticated algorithm that combines several technical indicators to generate signals. It uses a combination of moving averages, support and resistance levels, and momentum indicators to identify the strongest trends in the market. The indicator also has a built-in alert system that allows traders to be notified of any potential trading opportunities. With its intuitive design and powerful features, the Trend Logic Indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels.
MT4
Trend Logic
The Trend Logic Indicator is a useful and popular free Forex indicator for MT4. The Trend Logic Indicator works by analyzing price action and identifying trend direction. It then displays trend direction in the form of arrows, and also provides users with trend strength and trend reversal signals. It is a great tool for traders of all levels, from beginners to experienced professionals.
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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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