The ShowNTicks forex indicator is a useful and popular tool for MT4 traders. It is free to download and use, and it can help traders to identify the most active price levels in the market. The indicator displays the number of ticks that have occurred at each price level, allowing traders to see which prices are most popular in the market. This can be useful for finding support and resistance levels, or for identifying areas of high liquidity. The ShowNTicks indicator works by displaying a histogram of the number of ticks that have occurred at each price level. The indicator can be adjusted to show the number of ticks over a certain period of time, or to show the total number of ticks since the start of the chart. This allows traders to see which prices have been most active in the market and to identify areas of high liquidity. The indicator can also be used to identify support and resistance levels, as these are often the most active price levels in the market. The indicator is free to download and use, and it can be a valuable addition to any trader’s toolbox.
The ShownTicks Indicator is a useful and popular free tool for MT4 Forex traders. The indicator shows the number of ticks per bar in the upper-right corner of the chart. The indicator also helps traders to identify the trend direction and momentum of the market. It is easy to install and use, making it 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.