The Volume Rate Change Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator gives traders an edge in the Forex market by providing them with an insight into the buying and selling activity of the market. By tracking the volume rate of change, traders can get an idea of the direction of the market, and make informed decisions on their trades. The Volume Rate Change Indicator works by tracking the volume rate of change of a currency pair. This is done by comparing the current volume of the currency pair to the volume of the same currency pair from the previous period. If the current volume is higher than the previous period, it indicates a bullish trend in the market. Conversely, if the current volume is lower than the previous period, it indicates a bearish trend in the market. The Volume Rate Change Indicator is easy to use and provides traders with an edge in the Forex market. It is a great tool for traders who want to get an idea of the direction of the market and make informed decisions on their trades.
MT4
Volume Rate Change
The Volume Rate Change Indicator is a useful and popular free Forex indicator for MT4 trading platforms. The indicator uses a line chart to represent the rate of change of the volume over time. The line will move up or down depending on the volume of trades being made in the currency pair. When the line is moving up, it indicates that the volume is increasing, and when it is moving down, it indicates that the volume is decreasing. With the Volume Rate Change Indicator, traders can easily see when the volume is increasing or decreasing, and take advantage of the opportunities that may arise.
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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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