The WPR Candles MTF Alerts is a useful forex indicator that is compatible with the popular MT4 platform. This free indicator provides traders with valuable insights into market trends by analyzing multiple timeframes. The indicator works by identifying candle patterns based on the Williams Percent Range (WPR) indicator, which helps traders make informed decisions on when to enter or exit trades. It uses color-coded candles to visually represent market sentiment, with green candles indicating bullish trends and red candles indicating bearish trends. Traders can set up alerts to receive notifications when specific candle patterns form, allowing them to stay on top of market movements even when they are not actively monitoring their charts. Overall, the WPR Candles MTF Alerts is a powerful tool for forex traders looking to improve their trading strategies and stay ahead of the market.
MT4
WPR Candles Alerts
WPR Candles MTF Alerts is a useful forex indicator for MT4 that is popular among traders. It is a free tool that provides alerts based on the Williams Percent Range indicator. Traders can use it to identify potential overbought or oversold conditions in the market. By setting up alerts, users can stay informed about key market movements and make better trading 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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