The Better Volume New Alerts indicator is a useful and popular free Forex indicator for the MT4 platform. It is designed to help traders identify potential Forex trading opportunities by providing alerts whenever the volume of a currency pair increases significantly. The indicator works by analyzing the volume of a currency pair over a certain period of time and then giving an alert when the volume exceeds a certain threshold. This can be used to identify potential trading opportunities as well as to prevent false signals. The Better Volume New Alerts indicator is easy to use and can be set up quickly on the MT4 platform. The indicator also generates alerts whenever the volume exceeds the threshold set by the trader. Alerts can be customized to suit the needs and preferences of the individual trader. The Better Volume New Alerts indicator is a great tool for traders who want to take advantage of potential Forex trading opportunities.
Better Volume New Alerts
The Better Volume New Alerts Indicator is a popular, free and useful Forex indicator for MT4. The indicator uses a unique algorithm to analyze the volume of a given currency pair, and then displays a graphical representation of the volume to indicate when a trend is forming. This allows traders to quickly identify when a trend may be forming and take advantage of it. This makes it an invaluable tool for traders of all levels.
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Category: Volume
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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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