TrueTL V1 is a popular and useful forex indicator designed for the MT4 platform. This free indicator helps traders identify trends accurately by plotting support and resistance lines on the chart. TrueTL V1 works by analyzing price action and automatically drawing trendlines based on the swing highs and lows of the market. Traders can use these trendlines to make informed trading decisions and determine entry and exit points. To use TrueTL V1, simply download and install the indicator on your MT4 platform. Once installed, the indicator will automatically draw trendlines on the chart, making it easy for traders to visualize market trends. Overall, TrueTL V1 is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions in the market.
MT4
Truetl V1
TrueTL V1 is a popular and useful forex indicator for MT4 that is available for free. This indicator helps traders identify trend lines accurately and easily on their charts. By using TrueTL V1, traders can make better-informed trading decisions based on trend line analysis. Simply install the indicator on your MT4 platform and start utilizing its powerful features today.
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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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