The Better Macd Alert Indicator is a useful and popular free indicator for the MT4 Forex trading platform. This indicator is designed to help traders identify potential buy and sell opportunities in the Forex market. It is based on the Moving Average Convergence Divergence (MACD) indicator, which is one of the most popular technical analysis indicators used by traders. The Better Macd Alert Indicator works by calculating the difference between two moving averages and then plotting the result as a histogram. The indicator will then alert the trader when the MACD line crosses a certain level. This helps traders identify potential buy and sell opportunities, as well as quickly identify any potential changes in the trend. Overall, the Better Macd Alert Indicator is a great tool for traders who want to quickly identify potential buy and sell opportunities in the Forex market. It is easy to use, free, and is one of the most popular technical analysis indicators used by traders.
Better Macd Alert
The Better MACD Alert Indicator is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. The Better MACD Alert Indicator is based on the Moving Average Convergence/Divergence (MACD) indicator which is one of the most popular technical analysis tools used by Forex traders. The indicator uses the MACD line and signal line to generate buy and sell signals.This indicator is a great tool for traders who want to stay on top of the markets and take advantage of profitable trading opportunities.
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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.