The Triggerlines Shift Modified forex indicator is a useful and popular tool for traders using the MT4 platform. It is a free indicator that helps traders identify potential entry and exit points in the currency market. The indicator is based on the classic Triggerlines indicator, but with a few modifications that make it more useful. The Triggerlines Shift Modified indicator works by combining two moving averages and using them to generate buy and sell signals. The indicator uses a fast moving average (MA) and a slow MA. When the fast MA crosses above the slow MA, it generates a buy signal. Conversely, when the fast MA crosses below the slow MA, it generates a sell signal. The indicator also has a shift parameter that allows traders to adjust the number of bars used to generate the buy and sell signals.
MT4
Triggerlines Shift Modified
The Trigger lines Shift Modified forex indicator is a popular and useful tool for traders looking to trade on the MT4 platform. This free indicator helps to identify potential entry and exit points in the market by plotting two lines on the chart. The indicator can be used to identify both short-term and long-term trends, making it a useful tool for traders of all levels.
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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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