Wave Arrows is a useful and popular free forex indicator for MT4. It is designed to help traders identify the trend direction, as well as potential trading opportunities. The indicator consists of two arrows placed on the chart: a red arrow pointing downward and a green arrow pointing upward. The arrows indicate the direction of the trend, with the red arrow indicating a bearish trend and the green arrow indicating a bullish trend. The indicator also displays the current trend strength and can be used to identify potential entry and exit points. Wave Arrows is easy to use and can be used in combination with other indicators to help traders identify potential trading opportunities. The indicator is based on price action and momentum, and it can be used to identify potential reversals in the market. Traders can use Wave Arrows to help them identify when to enter and exit trades. The indicator is also useful for identifying potential support and resistance levels. It is a great tool for traders who want to identify potential trading opportunities and identify the trend direction.
The Wave Arrows forex indicator is a popular and free MT4 indicator that is useful for traders in the Forex market. The Wave Arrows indicator is easy to use and can be applied to any timeframe. With the Wave Arrows indicator, traders can easily identify potential entry and exit points, helping them to make more informed decisions and increase their profits.
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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.