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Trend Path Non Repaint

The Trend Path Non-Repaint indicator for MT4 accurately identifies market trends and optimal buy/sell entry zones. With its ability to detect trend direction and strength, the Trend Path Non Repaint Indicator is a great tool for traders looking to maximize their profits.

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Description

The Trend Path Non-Repaint indicator for MT4 is a powerful technical analysis tool designed to assist traders in identifying trends and buying/selling opportunities in the financial markets. This indicator uses sophisticated algorithms to identify the trend direction and detect optimal zones for a buy/sell signal without repainting historical data.

Moreover, the indicator has a user-friendly interface that is easy to understand, making it suitable for novice and experienced traders.

Features of the Trend Path Non Repaint Indicator

The Trend Path Non-Repaint indicator for MT4 utilizes complex algorithms to analyze price movements and identify trend directions with precision. It analyzes market direction and represents it using a band and histogram bars on the chart, which shows the trend direction of the price. Hence, a bullish trend is when the indicator showcases the dodger blue bars while the bands move upward. Similarly, the indicator suggests that a trend is bearish if it displays dark orange bars while the bands move downward.

Furthermore, the indicator displays buy/sell signals without repainting historical data, enabling traders to make better trading decisions.

Benefits of Using the Indicator

  • Enhance Objective Decision-Making: The Trend Path Non-Repaint indicator for MT4 accurately identifies the market trends, enabling traders to make informed trading decisions.
  • Non-repaint Buy/Sell Signals: The indicator displays probable, non-repaint buy/sell entry signals, enabling traders to enter and exit the market at optimal zones, thereby enhancing trading accuracy and ultimately increasing profits.
  • Time-Saving: Finally, the indicator’s efficiency in identifying trends and buy/sell entry opportunities saves traders time in manually analyzing the price chart.

Indicator Settings Description

The indicator comes with the following customizable settings:

HalfLength: Determines the shape of the bands.

AtrLenght: Determines the Average True Range (ATR) length.

AtrMultiplier: Determines the value for the ATR multiplier.

ShowOver: Enables/Disables the display of signal arrows.

OverBT: Defines the value for the overbought zone.

OverSD: Defines the value for the oversold zone.

OverSize: Determines the type of overbought/oversold zones of the price.

bgARROWBAR: Determines the position of the signal arrows.

bgArrGap: Defines the gap between the arrows and the candlesticks.

bgCodUP: Defines the arrow shape to display a buy signal.

bgCodLO: Defines the arrow shape to display a sell signal.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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