The BDFX Trender Indicator is a free and popular Forex indicator for MetaTrader 4 (MT4) trading platforms. It is designed to help traders recognize trend direction and strength in the Forex market. It is a useful tool for traders who want to identify potential market entry and exit points. The BDFX Trender Indicator uses a combination of moving averages, price action, and momentum to identify the trend direction and strength. It is designed to be used in conjunction with other indicators to give traders a better view of the market. The indicator displays a graphical representation of the trend direction and strength, as well as the current trend strength. This allows traders to make informed decisions about when to enter and exit the market. The BDFX Trender Indicator is a useful tool for Forex traders who want to identify potential market entry and exit points. It is a free and popular indicator for MetaTrader 4 (MT4) trading platforms. The indicator is easy to use and can be customized to fit a trader’s individual trading style.
BDFX Trender Indicator
The BDFX Trender Indicator is a useful and popular free MT4 Forex indicator that helps traders identify trend direction and strength. The indicator also provides visual signals when a new trend is forming, as well as when a trend is weakening. With the BDFX Trender Indicator, traders can easily identify trend direction and strength, allowing them to 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.