The 5 Candles Suite Black is a popular and useful forex indicator for MT4 that traders can use for free. This indicator is designed to help traders identify potential trend reversals in the forex market by analyzing the price action of the last 5 candles. The indicator works by analyzing the open, high, low, and close prices of the last 5 candles and identifying key levels of support and resistance. Traders can use this information to make informed decisions on when to enter or exit trades. To use the 5 Candles Suite Black indicator, simply install it on your MT4 platform and attach it to your chart. The indicator will then display key levels of support and resistance as well as potential entry and exit points based on the analysis of the last 5 candles. This can help traders improve their trading strategy and increase their chances of making profitable trades.
MT4
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5 Candles Suite Black
5 Candles Suite Black is a popular and useful forex indicator for MT4 that is available for free. This indicator works by analyzing the patterns of the last 5 candles to help traders identify potential entry and exit points. It can be used to spot trends and reversals in the market, making it a valuable tool for forex traders.
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Category: Signal
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Description
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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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