The Cumulative Volume Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. It is a technical analysis tool that helps traders to identify the direction of the market. The indicator is based on the total volume of trades over a given period of time and is calculated by adding the volume of each period. The indicator is displayed as a histogram and can be used to identify trends and reversals. The indicator is easy to use and can be used to identify potential entry and exit points. When the indicator is rising, it indicates that the market is in an uptrend and when it is falling, it indicates that the market is in a downtrend. The indicator can also be used to identify support and resistance levels. When the indicator is above the zero line, it indicates that the market is in an uptrend and when it is below the zero line, it indicates that the market is in a downtrend. With the help of the Cumulative Volume Indicator MT5, traders can easily identify the direction of the market and make informed decisions.
The Cumulative Volume Indicator MT5 is a popular and free Forex indicator that is useful for traders. The indicator works by looking at the volume of trades placed over a certain period of time and then plotting a line on the chart. By using the Cumulative Volume Indicator MT5, traders can quickly identify the direction of the trend and use this information to make better trading 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.