The 4TF Stoch Bars Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). It is a momentum oscillator that gives traders an easy way to identify overbought and oversold conditions in the market. The indicator is based on the Stochastic Oscillator and uses four time frames (M15, H1, H4, and D1) to provide a better understanding of the overall trend. The 4TF Stoch Bars Indicator plots two lines on the chart, a main line (blue) and a signal line (red). The main line is the Stochastic Oscillator, while the signal line is a moving average of the main line. When the main line crosses above the signal line, it indicates a bullish trend and when it crosses below the signal line, it indicates a bearish trend. Additionally, when the main line is above 80, it indicates an overbought condition and when it is below 20, it indicates an oversold condition. The 4TF Stoch Bars Indicator is a powerful tool that can help traders make informed decisions and maximize their profits.
4Tf Stoch Bars
The 4TF Stoch Bars forex indicator for MT4 is a useful tool for traders to identify potential buy and sell opportunities in the forex market. The 4TF Stoch Bars indicator is a great tool for any forex trader looking to maximize their trading potential.
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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.