The Dolly Indicator is a popular and free Forex indicator used by many traders around the world. It is designed to be used with the MT4 trading platform and provides traders with useful information about the market. The Dolly Indicator is based on a combination of different technical indicators, including moving averages, Bollinger Bands, MACD, and RSI. The indicator can be used to identify trend reversals, entry and exit points, and possible price targets. The Dolly Indicator works by analyzing the market and providing traders with a graphical representation of the current market conditions. The indicator uses a combination of different technical indicators to identify potential trading opportunities. The indicator can be used to identify potential entry and exit points, as well as possible price targets. The indicator also provides traders with a visual representation of the current market conditions, which can help traders make better trading decisions. The Dolly Indicator is a popular and free Forex indicator that can be used to help traders identify potential trading opportunities and make better trading decisions.
The Dolly Indicator is a popular and free Forex indicator used by many traders to make informed decisions in the Forex markets. This allows traders to easily identify potential trading opportunities and make informed decisions. The indicator is particularly useful for traders who want to identify trends in the market and take advantage of them. The Dolly Indicator is easy to use and can be used to identify entry and exit points for trades.
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Category: Support & Resistance
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.