The Variation Index Indicator for MT4 is a popular and useful tool for forex traders, offering valuable insights into market trends and price movements. This indicator is commonly used by traders to analyze price variations and identify potential entry and exit points in the market. The Variation Index Indicator works by calculating the variation of price movements over a specific period, helping traders to gauge the strength and direction of the trend. It can be used on multiple timeframes and is particularly helpful in identifying trends and potential reversals. This indicator is free to download and easy to use on the MetaTrader 4 platform, making it a favorite among forex traders. By incorporating the Variation Index Indicator into their trading strategy, traders can make more informed decisions and improve their overall trading performance.
MT4
Variation Index
Variation Index Indicator for MT4 is a popular and useful forex indicator that is available for free. It works by calculating the variation of the price in relation to a moving average, providing traders with valuable insights into market trends and potential entry and exit points. Traders can use this indicator to make informed trading decisions and improve their overall profitability.
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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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