The Trend Magic Indicator for MT5 is a popular and free forex indicator that is useful for both novice and experienced traders. This indicator is designed to help traders identify the trend direction and determine possible entry and exit points. It uses a combination of two moving averages and the Commodity Channel Index (CCI) to generate signals. The Trend Magic Indicator for MT5 is easy to use and can be applied to any time frame. When the CCI crosses above the two moving averages, it is a signal to buy. When the CCI crosses below the two moving averages, it is a signal to sell. The indicator also includes a color-coded histogram which helps traders to identify the strength of the trend. The Trend Magic Indicator for MT5 is a great tool for traders who want to stay on top of the market and make informed trading decisions. With its combination of two moving averages and the Commodity Channel Index, the Trend Magic Indicator for MT5 is a popular and free forex indicator that is useful for both novice and experienced traders.
MT5
Trend Magic
The Trend Magic Indicator MT5 is a popular and free Forex indicator that is extremely useful for traders. This indicator is based on the Commodity Channel Index (CCI) and uses a combination of the CCI and Average True Range (ATR) to generate buy and sell signals. The Trend Magic Indicator MT5 is easy to use and is suitable for both beginner and experienced traders. It is a great tool for traders who are looking to identify potential reversals in the Forex market and make more profitable trades.
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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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