The Float Data Indicator is a useful free Forex indicator for MT4 platforms. It is a popular indicator that can help you analyze the market and make informed trading decisions. It shows the number of open orders and positions for every symbol in the MetaTrader 4 terminal. This information can be used to determine the direction of the market and to identify the current market sentiment. The Float Data Indicator displays the total number of open orders and positions for each currency pair, as well as the number of buy and sell orders. It also shows the total amount of money traded in each currency pair. This information can be used to identify the strength of the market and to make informed trading decisions. The indicator also shows the average price of the currency pair and the total volume traded in the currency pair. This information can be used to identify the trend of the market and to make informed trading decisions. It is a free indicator for MT4 platforms and is highly recommended for Forex traders.
The Float Data Indicator is a useful and popular free Forex indicator for MT4. It is useful for traders looking to identify possible entry and exit points and for traders looking to identify potential areas of support and resistance. The indicator is free to download and use, and is a popular choice for Forex traders.
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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.