The Trendlines Day Indicator is a popular and free Forex indicator for the MT4 trading platform. This useful indicator helps traders identify and analyze trendlines and their breakouts. It is very easy to use and understand, making it a great choice for both beginner and experienced traders. The Trendlines Day Indicator plots trendlines on the chart in real-time, allowing traders to quickly identify and analyze potential breakouts. It also displays the current trend direction and the current trend strength. This helps traders make informed decisions on when to enter and exit trades. The indicator also offers the ability to customize the trendlines, allowing traders to adjust the parameters to suit their trading style. It is a great choice for both beginner and experienced traders.
MT4
Trendlines Day
The Trendlines Day Indicator is a useful and popular free Forex indicator for MT4. This indicator helps traders to identify and draw trendlines on their charts in order to identify potential support and resistance levels. With its simple, yet powerful features, this free Forex indicator is a great addition to any trader’s toolbox.
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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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