The Blue Spread Indicator is a useful forex indicator designed for the MT4 platform. This popular indicator is known for its accuracy in measuring market volatility by analyzing the spread between the high and low prices of a currency pair. Traders can use this indicator to determine the strength of a trend and make more informed trading decisions. The Blue Spread Indicator is easy to use – simply add it to your chart and it will display the spread information in an easy-to-read format. The indicator is free to download and can be a valuable tool for both beginner and experienced forex traders. By keeping an eye on the market volatility, traders can identify potential entry and exit points, helping to maximize profits and reduce risk.
MT4
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Blue Spread
Blue Spread Indicator is a popular and useful forex indicator for MT4 that helps traders monitor and analyze market spread dynamics. This free indicator displays the spread in a visually appealing blue color, making it easy to interpret and use in trading decisions. By understanding spread movements, traders can make more informed decisions and improve their trading strategy.
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Category: Support & Resistance
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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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