The Spread Indicator for MT5 is a useful and popular free Forex indicator for the MetaTrader 5 trading platform. It provides traders with detailed information about the current spread in the Forex market. The Spread Indicator helps traders to quickly identify the spread of a currency pair and to compare the spread between different pairs. The Spread Indicator is easy to use and can be added to a chart in just a few clicks. The Spread Indicator displays the spread of the currency pair in the form of a histogram. It shows the spread in pips and the percentage of the spread in relation to the current price. The indicator also shows the average spread for the past 24 hours. This allows traders to quickly identify the spread of a currency pair and to compare the spread between different pairs. The indicator is free and easy to use and can be added to a chart in just a few clicks.
MT5
Spread Indicator
The Spread Indicator for MT5 is a popular and free Forex indicator that is useful for traders of all levels. This indicator provides traders with an easy-to-understand graphical representation of the current spread between the bid and ask prices of a currency pair. With its user-friendly interface and range of features, the Spread Indicator for MT5 is a great choice for traders who want to maximize their potential 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.
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