The ASCTrend K indicator is a useful tool for Forex traders who use the MetaTrader 4 (MT4) platform. This popular indicator is free to download and provides traders with a quick and easy way to identify entry and exit points. The ASCTrend K indicator is based on the Keltner Channel indicator. It uses two moving averages and a Keltner Channel to identify strong trends in the market. When the two moving averages cross, the indicator will generate a buy or sell signal. The Keltner Channel is used to confirm the trend and the strength of the signal. The ASCTrend K indicator is easy to use and understand. It displays the signal on the chart, so traders can easily identify when to enter or exit the market. The indicator also provides traders with an indication of the trend strength, allowing them to make more informed trading decisions. Overall, the ASCTrend K indicator is a great tool for Forex traders. It is free to download and provides traders with an easy way to identify entry and exit points. The indicator also provides traders with an indication of the trend strength, allowing them to make more informed trading decisions.
MT4
Asctrend K
The ASCtrend K Indicator is a useful and popular free Forex indicator for MT4 trading platform. It is a momentum indicator based on the Average True Range (ATR) and the Commodity Channel Index (CCI). The indicator is designed to identify trends and provide signals for entering and exiting trades. It provides a visual display of the trend and signals when to enter and exit trades. This indicator is easy to use and is a great tool for traders who want to stay on top of the 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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