The Candle Time and Spread Indicator for MT5 is a useful forex indicator that measures the time left for the current candle to close and the current spread value. It is a popular indicator among forex traders as it provides valuable information for making trading decisions. This free indicator works by displaying a countdown timer for the current candle on the chart, allowing traders to see how much time is remaining before the candle closes. It also shows the current spread value, giving traders insight into market volatility and liquidity. Traders can use this indicator to time their trades more effectively, as well as to gauge market conditions based on the spread value. By keeping track of candle closing times and spread values, traders can make more informed decisions when entering or exiting trades. Overall, the Candle Time and Spread Indicator for MT5 is a useful tool for forex traders looking to improve their trading strategies and make more profitable trades.
MT4
Averages RSI Summed Histo
Averages RSI Summed Histo is a popular and useful forex indicator for MT4. It is a free tool that calculates the RSI value and displays it as a histogram on the chart. Traders can use this indicator to identify overbought or oversold conditions in the market. By analyzing the histogram values, traders can make informed trading decisions.
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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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