The Tunnel Indicator MT4 is a popular and free Forex indicator that is useful for traders who want to identify potential entry and exit points in the market. This indicator is designed to help traders identify support and resistance levels, and to identify potential exit points. The Tunnel Indicator MT4 is based on a combination of moving averages and Bollinger Bands, which helps to identify the trend and potential entry and exit points. The indicator can be used to identify breakouts, trend reversals, and consolidation patterns. The Tunnel Indicator MT4 is easy to use and can be applied to any chart. The indicator is composed of two lines, the upper line and the lower line. The upper line is the resistance line and the lower line is the support line. The indicator also includes a histogram which shows the distance between the two lines. When the two lines are close together, it indicates a strong trend and when they are far apart it indicates a range-bound market. The Tunnel Indicator MT4 is a popular and free Forex indicator that is useful for traders who want to identify potential entry and exit points in the market. It is easy to use and can be applied to any chart. The indicator is composed of two lines, the upper line and the lower line, and a histogram that shows the distance between the two lines. The indicator can be used to identify breakouts, trend reversals, and consolidation patterns.
MT4
Tunnel Indicator
The Tunnel Indicator MT4 is a popular and useful Forex indicator that helps traders identify trends and potential trading opportunities. It is designed to identify entry and exit points in the market. It does this by plotting two moving averages on the chart, one for the high and one for the low. The Tunnel Indicator MT4 is a great tool for any Forex trader looking for an easy way to identify potential trading opportunities.
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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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