The SupDem Indicator is a popular technical analysis tool used in forex trading to identify potential support and resistance levels in the market. It is a new and free MT4 indicator show price zones where buyers and sellers are concentrated, thus providing insight into potential market movements. The SupDem Indicator uses support and resistance levels to generate trading signals and can be used on any timeframe. The SupDem Indicator is suitable for traders of all levels, from novice to experienced. It is especially useful for those who prefer to use a visual representation of support and resistance levels, rather than relying solely on numerical data.
MT4
SupDem
The SupDem indicator is a new and popular Forex trading tool that is available for free on MT4. It is designed to determine support and resistance levels by analyzing the supply and demand zones on the chart. The indicator uses color-coded columns to highlight areas of strong support and resistance, allowing traders to easily identify potential trading opportunities. By accurately analyzing supply and demand zones, the SupDem indicator can help traders make more 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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