Gordago Elder Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It was developed by Alexander Elder and is based on the Elder Impulse System. The indicator is designed to identify the momentum of the market and identify potential entry and exit points. The indicator uses two lines, the Elder Impulse line and the Elder-Ray line. The Elder Impulse line is based on the price movements of the past three periods, while the Elder-Ray line is based on the price movements of the past nine periods. When the Elder Impulse line crosses above the Elder-Ray line, it indicates a bullish trend, while when it crosses below the Elder-Ray line, it indicates a bearish trend. The Gordago Elder Indicator is a powerful tool that can be used to help traders make informed trading decisions. It is easy to use and can be used to identify potential entry and exit points in the Forex market.
Gordago Elder Indicator is a free and popular Forex indicator for the MetaTrader 4 trading platform. The signals generated by the indicator can be used to enter and exit trades with greater accuracy and confidence. It is a great tool for traders who want to maximize their trading profits and minimize their risk.
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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.