The Chaikin Indicator is a popular and free Forex indicator used by traders to analyze the market. Developed by Marc Chaikin, the Chaikin indicator is a combination of two moving averages, which helps traders identify potential trends in the Forex market. This indicator is useful for both short-term and long-term traders as it helps them identify potential entry and exit points. The Chaikin indicator is available for free on the MetaTrader 4 (MT4) platform. The indicator consists of two lines, the Chaikin line and the trigger line. The Chaikin line is a moving average of the Accumulation/Distribution line. The trigger line is a moving average of the Chaikin line. The Chaikin line measures the momentum of the market, while the trigger line is used to identify entry and exit points. The Chaikin Indicator is a useful and popular Forex indicator that is available for free on the MT4 platform. It helps traders identify potential entry and exit points, as well as potential trend reversals. By combining the Chaikin line and the trigger line, traders can use this indicator to make better trading decisions and maximize their profits.
The Chaikin Indicator is a useful and popular free Forex indicator for the MT4 platform. The Chaikin Indicator is based on the Accumulation/Distribution Line (ADL), which was developed by Marc Chaikin. The indicator is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. The result is then plotted as a line on the price chart. The Chaikin Indicator is a useful tool for traders looking to identify potential reversals in the market.
Downloads - 11
0 People watching this product now!
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.