The VR Donchian Indicator MT5 is a popular and useful free Forex indicator for the MetaTrader 5 trading platform. It is based on the famous Donchian Channel indicator and provides traders with a powerful tool to identify and capitalize on price breakouts. The indicator works by plotting two lines on the chart, one for the upper band and one for the lower band. The upper and lower bands are based on the highest and lowest price over a specified period of time. When the price breaks through either the upper or lower band, a buy or sell signal is triggered respectively. The VR Donchian Indicator MT5 is a great tool for traders who are looking to identify and capitalize on price breakouts. It is also useful for traders who are looking to set stop losses and take profits. The indicator is easy to use and can be customized to suit the individual trader’s needs. It can be used to identify potential entry and exit points, as well as to identify potential support and resistance levels. It is a great tool for traders who are looking to identify and capitalize on price breakouts and set stop losses and take profits.
MT5
VR Donchian
The VR Donchian Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. The VR Donchian Indicator MT5 is designed to help traders identify and take advantage of price breakouts, by providing a visual representation of the price action. This indicator is highly customizable, allowing traders to adjust the indicator settings to suit their individual trading style. The indicator also provides alerts when the price breaks out of the Donchian Channel, making it a useful tool for traders looking to capitalize on potential trading opportunities.
| Trading Style | , |
|---|---|
| Indicator Type | |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 54
Description
Reviews (0)
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.
Related products
Daily HL
The Daily High Low Indicator is a popular and free Forex indicator for MT4 platform. This useful tool provides traders with a clear view of the daily high and low prices of the currency pair they are trading. The indicator is easy to install and use, and it can be used on any currency pair. It is also highly customizable, allowing traders to adjust the display of the indicator to their own preferences. The indicator provides an accurate view of the daily high and low prices, allowing traders to determine the best entry and exit points for their trades.
HighLow Custom
The HighLow Custom Indicator is a popular and free Forex indicator for the MT4 platform. The indicator uses a combination of trend lines, support and resistance levels, and other technical indicators to help traders identify entry and exit points. It also helps traders identify the right time to enter or exit a trade. The HighLow Custom Indicator is a great tool for traders who are looking to maximize their profits and minimize their risks.
TMA+CG Indicator
The TMACG Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by analyzing price action and momentum, and then displaying potential buy and sell signals on the chart. The TMACG Indicator is a great tool for traders looking to take advantage of the Forex market's potential for profit.
MA Rainbow
The MA Rainbow Forex Indicator is a free and popular MT4 indicator that is useful for Forex traders. It works by combining multiple Moving Averages (MA) with different time periods and colors to detect the trend. It can be used to identify reversals and support/resistance levels. The indicator is easy to use and can be used on any currency pair. It is also available for free, making it one of the most popular and widely used indicators among Forex traders.
Bollinger Bands
The Bollinger Bands Indicator is a popular and useful Forex indicator for MT4 traders. It is a free indicator that helps traders to identify potential market entry and exit points. This indicator uses a combination of three moving averages to create upper and lower bands that can be used to identify price movements and trends. The bands are adjusted according to the market volatility and can be used to identify overbought and oversold conditions. The indicator is easy to use, and traders can customize the settings to suit their trading style. This indicator is a great tool for any trader looking to gain an edge in the Forex market.
Polynomial Regression Channel
The Polynomial Regression Channel Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4) that helps traders to identify trends and potential entry and exit points. It works by creating a channel around the price movements of an asset, which is determined by the polynomial regression line. The indicator then plots lines above and below the regression line to form the channel. With the Polynomial Regression Channel Indicator, traders can easily identify trends and potential entry and exit points, making it a popular and useful free Forex indicator for MT4.
Reviews
There are no reviews yet.