The Ehlers I-Trend 2 indicator is a useful tool for forex traders. It is a popular free indicator for the MT4 platform and is designed to identify trend direction and strength. The indicator uses a combination of different moving averages to identify the trend, as well as a range of other parameters to determine the trend strength. It then provides a visual representation of the trend in the form of a line, which can be used to make trading decisions. The indicator is easy to use and can be used to help identify entry and exit points for trades. It can also be used to identify support and resistance levels, as well as to identify potential changes in trend direction. The indicator can also be used to identify potential trading opportunities, as it can help to identify when a trend is likely to change direction. It is easy to use and can help to identify entry and exit points for trades, as well as to identify support and resistance levels.
Ehlers I Trend 2
The Ehlers I-Trend 2 Indicator is a useful and popular Forex indicator for the MT4 trading platform. It is based on the original I-Trend indicator created by John Ehlers, which uses the Hilbert Sine Wave to identify market cycles. The indicator is easy to use and provides traders with an effective way to identify potential trading opportunities.
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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.