The Trend Testing Indicator is a useful and popular free Forex indicator for MT4. This indicator is designed to quickly identify and display the current trend on the chart. It works by analyzing the price and volume of the market, and then plotting a line that highlights the current trend. The indicator also shows the strength of the trend, so that traders can make more informed decisions about their trades. The Trend Testing Indicator is easy to use and can be applied to any chart. To use the indicator, simply add it to the chart and adjust the settings to suit your trading style. Once the indicator is applied, the line will be displayed on the chart and will update in real-time. The indicator can be used to identify potential entry and exit points for trades, as well as to identify potential support and resistance levels. With its ability to quickly identify and display the current trend, the Trend Testing Indicator is a must-have for any serious Forex trader.
The Trend Testing Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders who want to identify and confirm trend direction. The indicator will display a green line when the trend is up, a red line when the trend is down, and a yellow line when the trend is flat. With its simple and intuitive design, the Trend Testing Indicator is a popular and useful tool for traders who want to identify and confirm trend direction.
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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.