The Double Top Forex indicator is a popular and useful tool for traders in the Forex market. It is a free indicator that is available for the popular MT4 trading platform. This indicator is designed to help traders identify potential double top formations that can be used to make profitable trades. The Double Top indicator works by monitoring price action on a chart and looking for two consecutive peaks that form a “V” shape. When this formation is identified, the indicator will alert the trader to a potential double top formation. By monitoring the price action of a currency pair, traders can use this indicator to identify potential double top formations and capitalize on them. In conclusion, the Double Top indicator is a popular and useful tool for traders in the Forex market. It is a free indicator that is available for the popular MT4 trading platform.
The Double Top Forex Indicator is a popular and free MT4 indicator used by Forex traders worldwide. The indicator works by plotting two peaks on the chart which indicate a potential trend reversal. The peaks are formed when the price reaches a certain level and then reverses. The Double Top Indicator can help traders identify potential reversal points and take advantage of the trend reversal. The Double Top Indicator is a free and useful tool for traders to identify potential trend reversals and take advantage of them.
Downloads - 52
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.