The Velocity v2 Indicator is a useful tool for Forex traders who use the MT4 platform. It is a popular indicator that is free to download and use. The indicator is designed to help traders identify the strength of the current trend. It does this by measuring the speed of the price movement in the market. The Velocity v2 Indicator is easy to install and use. After downloading the indicator, traders can simply drag and drop it onto the chart to use it. The indicator will then display a line in the chart that will measure the speed of the price movement. When the line is rising, it indicates that the trend is gaining strength and when it is falling, it indicates that the trend is weakening. This helps traders to make better trading decisions. It is free to download and use, making it a popular choice among traders.
MT4
Velocity V2
The Velocity V2 Indicator is a free and popular Forex indicator for MT4 that is useful for traders of all levels. The indicator plots a line on the chart that oscillates between positive and negative values, and is based on the rate of change of the price. The indicator is easy to use and understand, and can help traders take advantage of short-term 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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