The Direct Trend Indicator is a powerful and useful Forex indicator for MT4. It is popular among traders because it is free and easy to use. The indicator quickly identifies the direction of the trend and provides traders with an easy way to trade in the direction of the trend. The indicator works by calculating the difference between two moving averages. The moving averages are based on the closing price of the currency pair. This calculation is used to identify the direction of the trend and to determine when the trend is strong or weak. The indicator also provides traders with an indication of the strength of the trend. The Direct Trend Indicator is easy to use and can be used to identify the direction of the trend quickly. The indicator also provides traders with an indication of the strength of the trend. This allows traders to make informed decisions about when to enter and exit a trade. The indicator is also useful for identifying potential support and resistance levels in the market. The indicator also provides traders with an indication of the strength of the trend, allowing traders to make informed decisions about when to enter and exit a trade.
The Direct Trend Indicator is a popular and free Forex indicator for MT4 that helps traders identify the current trend in the market. It also offers an easy to understand visual representation of the trend, making it easier for traders to make decisions. With its user-friendly interface and free availability, this indicator is one of the most popular and useful Forex indicators available on the MT4 platform.
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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.