The Extreme Spike MTF Forex Indicator is a popular, free and useful tool for traders of all levels. It is a MetaTrader 4 (MT4) indicator that works to identify and alert traders to potential spikes in the market. The indicator works to analyse the most recent price movements to identify any extreme spikes and alert the trader to the potential for a trend reversal. The Extreme Spike MTF Forex Indicator is easy to install and use. All that is required is for the trader to download the indicator to their MT4 platform and attach it to the chart of the currency pair they are trading. The indicator then works to analyse the price movements of the currency pair and identify any extreme spikes. Once a spike is identified, the indicator will alert the trader to the potential for a trend reversal. The Extreme Spike MTF Forex Indicator is a popular and useful tool for traders of all levels.
Extreme Spike Mtf
The Extreme Spike MTF Indicator is a useful and popular free Forex indicator for MT4. The indicator works by analyzing the price action of an asset and plotting a line on the chart that marks an area of potential price spikes. The indicator is easy to use and can be used in combination with other indicators to help traders identify potential trading opportunities. The Extreme Spike MTF Indicator is a great choice for traders who want to take advantage of potential price spikes in the 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.