The I-GAP Indicator MT5 is a useful and popular free Forex indicator. It is designed to help traders identify and take advantage of price gaps in the market. The indicator works by looking for price gaps between the current price and the previous price. When a gap is identified, the indicator will alert the trader with a signal. This signal can then be used to enter or exit a trade. The I-GAP Indicator MT5 is easy to use and can be quickly set up on any MT5 trading platform. It is highly customizable, allowing traders to adjust the settings to best suit their trading style. For example, traders can choose the type of gap they want to be alerted to, such as short-term or long-term gaps. They can also adjust the sensitivity of the indicator to identify gaps of different sizes. The I-GAP Indicator MT5 is an invaluable tool for Forex traders. It helps traders identify and take advantage of price gaps in the market, allowing them to enter or exit trades at the right time. It is easy to set up and customize, making it a popular choice among Forex traders.
MT5
I Gap Indicator
The I-GAP Indicator MT5 is a useful and popular free Forex indicator for the MetaTrader 5 trading platform. The indicator works by analyzing the price action of a currency pair and looking for significant gaps in the chart. The indicator is easy to use and can be customized to fit the individual trader’s needs. Additionally, it can be used in conjunction with other indicators and strategies to create a comprehensive trading system.
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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.
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