The DeMark Trend Lines Indicator MT5 is a very useful and popular free Forex indicator. It is designed to help traders identify trend reversals and breakouts in the market. It is based on the DeMark Trend Line Strategy developed by Tom DeMark and is designed to provide traders with an easy-to-use tool for making trading decisions. The DeMark Trend Lines Indicator MT5 is easy to use and understand. It works by plotting two trend lines on the chart. The first trend line is drawn from the highest high of the past three bars to the lowest low of the past three bars. The second trend line is drawn from the lowest low of the past three bars to the highest high of the past three bars. These trend lines act as support and resistance levels and can be used to identify potential trend reversals and breakouts. It is one of the most popular and useful free Forex indicators available for the MT5 platform.
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Demark Trend Lines
The DeMark Trend Lines Indicator MT5 is a very useful and popular free Forex indicator. It is designed to help traders identify trend reversals and breakouts in the market. It works by plotting two trend lines on the chart. The first trend line is drawn from the highest high of the past three bars to the lowest low of the past three bars. It is one of the most popular and useful free Forex indicators available for the MT5 platform.
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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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