The Better Volume CDRW Alert indicator is a useful and popular free Forex indicator for MT4. This indicator is designed to identify the volume of price movements and alert traders when there is an increase or decrease in volume. This indicator can be used to identify potential breakouts, reversals, and trend continuations. The Better Volume CDRW Alert indicator is based on the Chaikin Money Flow (CMF) indicator, which is a momentum indicator that measures the amount of Money Flow Volume over a specific period of time. It is calculated by subtracting the 26-day Exponential Moving Average (EMA) from the 12-day EMA. When the CMF indicator is above zero, it indicates that Money Flow Volume is increasing, and when it is below zero, it indicates that Money Flow Volume is decreasing. This indicator is a great tool for traders who want to take advantage of potential trading opportunities.
Better Volume Cdrw Alert
The Better Volume CDRW Alert Indicator is a useful and popular free Forex indicator for MT4. This can be used to anticipate a possible change in the market direction. The indicator is easy to install and use, and can be a great tool for traders who are looking to gain an edge in the Forex market.
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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.