The Watermark Indicator is a popular and useful free Forex indicator for MT4. This indicator is designed to help Forex traders identify trend reversals and potential price breakouts. The indicator uses a combination of moving averages and the Relative Strength Index (RSI) to determine when a trend is changing direction. When the indicator detects a potential trend reversal, it will draw a horizontal line on the chart, which is referred to as the “watermark”. This line can then be used as a reference point for traders to enter or exit a trade. The Watermark Indicator is easy to use. After adding the indicator to the chart, traders can adjust the parameters to suit their trading style. The indicator’s default settings are based on a 30-day moving average and an RSI of 20. However, traders can adjust the parameters to suit their own trading strategies. For example, the moving average and RSI settings can be changed to suit different time frames or different trading styles.
MT4
Watermark
The Watermark Indicator is a useful and popular free Forex indicator for MT4. It helps traders identify the most important price levels, allowing them to make better trading decisions. The indicator works by displaying a watermark in the background of the chart, which shows the price levels that have recently been reached. With the Watermark Indicator, traders can easily identify the most important price levels and make more informed trading decisions.
| Platform | |
|---|---|
| Timeframe |
0
People watching this product now!
Downloads - 24
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
Currency Meter
The Currency Meter Indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels. This indicator helps traders to identify the strength and weakness of the currencies they are trading. It also provides an overview of the market trend, the current volatility, and the relative strength of the currencies. The Currency Meter Indicator is highly customizable and can be used to identify the best entry and exit points. With this indicator, traders can easily identify the best opportunities in the Forex market and make profitable trades.
RSI Heatmap
The RSI Heatmap indicator is a new and popular forex indicator available for free on MT4. It uses the Relative Strength Index (RSI) to display a heat map that shows the overbought and oversold areas of multiple currency pairs at the same time. The heat map is color coded, making it easy to see which pairs are strong or weak in real time. It helps you take the guesswork out of identifying the most profitable currency pairs to trade by providing real-time information that you can influence.
Currency Strength Giraia 28 Pairs TRO Modified
The Currency Strength Giraia 28 Pairs TRO Modified Indicator is a popular and free forex indicator for the MT4 trading platform. The indicator works by analyzing the 28 most traded currency pairs and displaying the results in an easy to read graphical format. The indicator also provides alerts when certain currency pairs reach certain levels of strength. The indicator is easy to install and use, making it a popular choice among forex traders.
P4l Candletime
The P4L CandleTime indicator is a popular tool for forex traders and is available for free on the MT4 platform. The P4L CandleTime indicator works by tracking and displaying the open and close of candles and can be configured to display different time frames depending on the trader's preference. It is a simple and effective tool that both beginners and experienced traders can use to improve their trading strategies.
Time Zone
The Time Zone Indicator is a new and popular forex indicator available for free on MT4 platform. This indicator is designed to help traders easily identify the time in different markets and time zones around the world. The indicator can display up to four different time zones on the chart and can be customized according to the user's preferences. The Time Zone Indicator is easy to install and use, making it a valuable tool for traders who need to keep track of market hours and trading sessions across different time zones.
MA Trend
The MA Trend Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool that helps traders identify the trend direction of a currency pair. The indicator plots two moving averages, one fast and one slow, to help identify the trend. When the fast moving average is above the slow moving average, it indicates an uptrend, and when the fast moving average is below the slow moving average, it indicates a downtrend. It is a great way to help traders identify the trend direction of a currency pair, which can help them make more profitable trades.
Trading Volume
The Trading Volume Indicator is a useful, free Forex indicator for the popular MT4 platform. It is designed to help traders measure the volume of a currency pair in order to get an idea of the strength of the current trend. The indicator is easy to use and can be used to identify entry and exit points. The Trading Volume Indicator is a popular tool that can be used by traders to identify potential trading opportunities in the Forex market. It is a useful tool for both novice and experienced traders and is free to download and use.
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
Reviews
There are no reviews yet.