The Dotted Trend Signal Indicator is a useful and free Forex indicator for the popular MT4 platform. This indicator is a great tool for traders to identify key support and resistance levels in the Forex market. The indicator uses a combination of dotted lines to generate buy and sell signals. When the price breaks above the dotted line, it is a buy signal, and when the price breaks below the dotted line, it is a sell signal. The indicator is also capable of identifying trend reversals. When the price breaks through the dotted line in the opposite direction, the trend has reversed. The indicator is easy to use and understand. It is displayed as a series of dots on the chart, with the buy and sell signals being indicated by the color of the dots. A green dot indicates a buy signal, and a red dot indicates a sell signal. The indicator is also customizable, allowing traders to adjust the sensitivity of the signals. This allows traders to tailor the indicator to their trading style and preferences. The indicator is easy to use and understand, and it is customizable to fit the trader’s individual trading style and preferences.
Dotted Trend Signal
The Dotted Trend Signal Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by plotting two lines on the chart. It is a popular and free indicator that is easy to install and use.
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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.