The Parabolic Close indicator is a useful and popular free Forex indicator for the MT4 platform. It helps traders to identify potential entry and exit points in the market. The Parabolic Close indicator is based on the Parabolic SAR indicator, which uses a trailing stop and reverse system to identify the trend direction. The Parabolic Close indicator uses the same system to help traders identify when the current trend is likely to reverse. The Parabolic Close indicator works by plotting points on the price chart that indicate when the current trend is likely to reverse. These points are based on the Parabolic SAR indicator, which uses a trailing stop and reverse system to identify the trend direction. The Parabolic Close indicator plots these points on the price chart in the form of arrows. When the arrows point downwards, it indicates that the current trend is likely to reverse and the trader should close their position. Conversely, when the arrows point upwards, it indicates that the current trend is likely to continue and the trader should stay in their position.
MT4
Paragolic Close
The Paragolic Close Indicator is a useful and popular Forex indicator for MT4 that is available for free. When the Parabolic SAR is above the Close Price, it indicates a bearish trend, and when it is below the Close Price, it indicates a bullish trend. The Paragolic Close Indicator can be used to identify potential entry and exit points in the market. The Paragolic Close Indicator is a great tool for traders who want to make informed decisions about their trades.
| Indicator Type | |
|---|---|
| Trading Style | |
| Timeframe | |
| Platform |
Downloads - 5
0
People watching this product now!
Description
Reviews (0)
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.
Related products
Hull Moving Average
The Hull Moving Average (HMA) is a popular Forex indicator that uses a weighted moving average formula to provide traders with a clearer picture of price movement. The indicator is designed to filter out market noise and provide a smoother trend line that is displayed on the chart. Use the HMA indicator to identify market trends and exit points to improve your trading strategy.
Swing Point Highs
The Swing Point Highs and Lows indicator is a new, popular and free MT4 technical analysis tool for forex traders. This indicator works by identifying swing points on a price chart and then drawing horizontal lines to indicate potential support and resistance levels. The swing point high and low indicator is a valuable tool for traders who want to identify key support and resistance levels and is suitable for both beginners and experienced traders.
TMA Centered Bands
The TMA Centered Bands indicator is a powerful forex indicator available for the MT4 platform. This indicator was created for the MT4 platform and helps traders identify trends, support and resistance levels. The TMA Centered Bands indicator works by using a centered TMA (triangular moving average) to create a set of bands around the price. With a simple yet effective design, the TMA Centered Bands indicator is a valuable tool for any forex trader looking to improve their trading strategy.
Donchian Channel
The Donchian Channel Indicator is a popular forex indicator that is widely used by forex traders to determine trend direction as well as entry and exit points designed to be used in the forex market with the MT4 platform. This indicator is very popular among traders because of its simplicity and efficiency, it works by determining the high and low of the price for a certain period and plotting a channel based on these values. The Donchian Channel Indicator is a popular and effective forex indicator that gives clear market entry and exit signals, making it an essential tool in a successful forex trader's toolbox.
Vortex Indicator
The Vortex Indicator is a popular and free technical analysis tool designed for forex traders. This new MT4 forex indicator measures the direction and strength of trends using two lines that oscillate between zero and 100. It can be used to identify potential trend reversals, confirm trend direction, and signal trading opportunities. With its reliable signals, it's an essential tool for both beginner and experienced traders looking to improve their trading strategies.
Automatic Trendlines
The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
FX Sniper
The FX Sniper indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify trends and potential trading opportunities. The indicator is easy to use and gives clear signals on when to buy or sell based on market conditions. The FX Sniper indicator is suitable for traders of all levels, from beginners to experienced traders who want to improve their trading performance and profitability.
Reviews
There are no reviews yet.