The Cross Indicator is a popular and useful free Forex indicator for MT4. It is designed to help traders identify potential trading opportunities in the Forex market. The Cross Indicator works by plotting two lines on the chart – one line for the current price and one line for the previous price. When the two lines cross, it indicates a potential trading opportunity. The Cross Indicator uses a simple algorithm to identify possible trading opportunities. It looks for the crossing of the current price line and the previous price line. When these two lines cross, it indicates a potential trading opportunity. The indicator can be used to identify entry and exit points for trades, as well as to identify trends in the market. It is a great tool for both beginner and experienced traders, as it can help them identify potential trading opportunities quickly and easily.
The Cross Indicator is a popular and free Forex indicator for the MT4 platform. It is useful for traders as it provides a visual representation of the current market trend. The indicator provides a cross line, which is a signal to buy or sell. The Cross Indicator is easy to use and provides a reliable signal for traders to make informed 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.