Volume Divergence with Arrows Indicator for MT4 is a popular and useful forex indicator that helps traders identify potential trend reversals. This free indicator is easy to use and provides clear signals in the form of arrows on the chart. The indicator works by comparing price movement with volume, looking for divergences that may indicate a shift in market direction. When a divergence is identified, an arrow is displayed on the chart, making it easy for traders to spot potential trading opportunities. To use the Volume Divergence with Arrows Indicator, simply install it on your MT4 platform and apply it to your chart. Look for arrows pointing up or down, indicating bullish or bearish divergences, and consider entering a trade in the direction of the arrow. This indicator can be a valuable tool for forex traders looking to improve their trading strategies.
MT4
Volume Divergence With Arrows
Volume Divergence with Arrows Indicator for MT4 is a popular and useful forex indicator that is available for free. This indicator helps traders identify potential trend reversals by analyzing volume divergence. It plots arrows on the chart to indicate possible entry points. Traders can use this indicator to enhance their trading strategies and make more informed decisions.
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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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