The Follow Trend Forex Indicator is a useful and popular MT4 indicator for Forex traders. It is free to download and use, and is designed to help traders identify and take advantage of trend reversals. The indicator works by tracking the current trend of the market and then providing signals when there is a potential for a reversal. The indicator is easy to use and can be used in any market, including Forex. The Follow Trend indicator works by analyzing the current market trend and then providing signals when it is likely that the trend may reverse. It does this by tracking the current trend of the market and then providing signals when there is a potential for a reversal. The indicator is designed to help traders identify and take advantage of trend reversals. It provides signals when the current trend is likely to reverse and provides entry and exit points for trades.
The Follow Trend Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) platform. The indicator works by analyzing price movements and recognizing patterns, allowing traders to easily identify the trend of the market. The indicator also provides visual cues in the form of arrows and lines, making it easy to understand the trend direction. It is free to download and use, and can be a great tool for traders of all experience levels. With its simple and intuitive interface, the Follow Trend Indicator is an effective and popular tool for traders looking to identify and capitalize on market trends.
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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.