GIOTEEN Norm Indicator is a free and popular Forex indicator for MT4, offering traders a useful tool to help them improve their trading results. This indicator is based on the GIOTEEN Norm algorithm, which helps traders identify potential entry and exit points on the market. The indicator works by calculating the average price of a currency pair over a certain period of time and then displaying the results on the chart. This helps traders identify potential support and resistance levels, as well as overbought and oversold conditions. GIOTEEN Norm Indicator is easy to use and install on the MT4 platform. Once the indicator is installed, traders can customize the settings to suit their trading style and needs. For example, traders can adjust the period of time used to calculate the average price, as well as the colors used to display the results on the chart. This indicator also has a built-in alert system, which can be used to notify traders when the indicator reaches certain levels. This indicator is free, easy to use, and highly customizable, making it a popular choice for many Forex traders.
The Gioteen Norm Indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels. The indicator works by calculating the average price of a currency pair and then comparing it to the current market price. The Gioteen Norm Indicator is easy to use and understand and can be a great tool for traders looking to gain an edge in the Forex market.
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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.