The SATL Line Indicator is a popular and useful forex indicator for MT4 traders. It is a free indicator that draws trend lines on the chart and allows traders to identify potential trend reversals. It helps traders to identify support and resistance levels and to identify when the market is in a trend. It also helps traders to identify potential entry and exit points. The SATL Line Indicator is easy to use. It draws trend lines on the chart and allows traders to adjust the parameters to customize the indicator. The indicator has two modes, one for drawing trend lines and another for drawing support and resistance levels. Traders can also customize the color of the lines and the thickness of the lines. The indicator is a great tool for traders to analyze the market and to identify potential trading opportunities.
The SATL Line Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by plotting a line on the chart that is calculated based on the current market price action. The indicator is popular among traders due to its accuracy and reliability. It is free to download and use and can be a great addition to any trading strategy.
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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.