The All Volume Average Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify the direction of the trend by calculating the average volume of a certain period. The indicator can be used to measure the strength of the current trend and to identify potential reversals. The All Volume Average Indicator works by calculating the average volume of a certain period. By comparing the current volume to the average volume, traders can identify the direction of the trend. If the current volume is higher than the average, it indicates that the trend is strong and that it is likely to continue. On the other hand, if the current volume is lower than the average, it indicates that the trend may be reversing. The All Volume Average Indicator can be used to identify potential entry and exit points in the market. By analyzing the current volume and the average volume, traders can identify potential buying and selling opportunities. For example, if the current volume is higher than the average, it may indicate that the trend is strong and that it is a good time to enter a buy position. On the other hand, if the current volume is lower than the average, it may be a good time to exit a long position. Overall, the All Volume Average Indicator is a useful and popular free Forex indicator for the MT4 trading platform.
MT4
All Volume Average
The All Volume Average Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders analyze the volume of a currency pair over a given period of time. The indicator plots a line on the chart that represents the average volume of the currency pair. This line can be used to identify trends in the volume and to make more informed trading decisions. It is a great tool for traders looking to gain a better understanding of the volume of a currency pair and its relation to price.
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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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