The TTM Scalper Indicator is a popular and free forex indicator for the MT4platform. It is useful for traders who want to identify short-term reversals in the market. The indicator works by measuring the difference between the closing price of a security and its current price, and then plotting a signal line to indicate the direction of the trend. If the signal line is above the closing price, it indicates a bullish trend, while if it is below the closing price, it indicates a bearish trend. The TTM Scalper Indicator is an easy-to-use tool that can be used by both experienced and beginner traders. It is designed to help traders identify entry and exit points, and to help them stay ahead of the market. The indicator can also be used to identify potential support and resistance levels, as well as to identify potential breakouts. The TTM Scalper Indicator is a great tool for traders who want to take advantage of short-term price movements.
MT4
Ttm Scalper
The TTM Scalper Indicator is a popular, free and useful Forex indicator for MT4 trading platforms. It is based on a combination of trend following and momentum indicators. The indicator is designed to help traders identify potential entry and exit points in the market. It shows the direction of the trend, the strength of the trend, and the momentum of the trend. The TTM Scalper Indicator is a great tool for traders looking to gain an edge in the Forex market.
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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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