The Big Candle Alert indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders who want to quickly identify large candles in the Forex market. The indicator works by drawing a vertical line on the chart whenever a candle is bigger than the user-defined threshold. This makes it easy to spot large candles and take advantage of potential reversals or breakouts. The Big Candle Alert indicator is easy to use. All you have to do is set the threshold and the indicator will do the rest. It will draw a line on the chart whenever a candle is larger than the threshold. You can also customize the alert settings to get a notification whenever the indicator finds a big candle. It is a popular and useful tool for Forex traders who want to spot large candles quickly and easily.
Big Candle Alert
The Big Candle Alert Indicator is a popular and useful Forex indicator for the MT4 platform. The indicator works by displaying a big candle alert when the price action forms a large candle. With this indicator, traders can easily identify potential trading opportunities and take advantage of them.
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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.