The 3 Shade Open Forex Indicator is a popular and useful MT4 indicator that is completely free. It is designed to help traders identify when the market is in a trend and when the market is in a range. The indicator works by plotting a line that is 3 shades above and below the open price that can be used to identify when the market is in a trend or in a range. When the market is in a trend, the 3 Shade Open line will be above or below the open price and when the market is in a range, the 3 Shade Open line will be close to the open price. The indicator can be used to identify when the market is trending or ranging and can be used to identify potential entry and exit points. For example, when the 3 Shade Open line is above the open price, it could be used as a signal to enter a buy position. Similarly, when the 3 Shade Open line is below the open price, it could be used as a signal to enter a sell position.
MT4
3-Shadeopen
The 3shadeopen Forex Indicator is a popular and useful tool for traders who use the MetaTrader 4 (MT4) platform. It is a free indicator that helps traders identify the best entry and exit points for their trades. The indicator is based on the three-shade open technique, which uses three different colors to indicate the direction of the trend. The 3shadeopen indicator is a popular and useful tool for traders who want to maximize their profits in the Forex market.
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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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