The Gann SSL Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is designed to help traders identify potential market reversals and therefore make better trading decisions. The indicator works by plotting two moving averages on a chart. One is based on the closing price of the previous bar and the other is based on the closing price of the current bar. When the two moving averages cross each other, it indicates a potential market reversal. The indicator also provides visual cues, such as arrows, to help traders identify potential reversals. In addition, the indicator can be adjusted to show signals at different levels of sensitivity. This makes it useful for traders who want to customize their trading strategy. Overall, the Gann SSL Indicator is an effective and popular Forex indicator for MT4 trading platforms. It is easy to use and can provide reliable signals for potential market reversals.
The Gann SSL Forex Indicator is a popular and useful tool for traders on the MetaTrader 4 (MT4) platform. The Gann SSL indicator works by plotting two lines on the chart, one line representing the current trend and the other line representing the previous trend. It then uses these two lines to determine the direction of the current trend. The indicator also shows the strength of the current trend based on the angle of the two lines. The Gann SSL indicator is easy to use and can be beneficial for both experienced and novice traders alike.
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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.