The I-Gap Indicator is a powerful and useful free Forex indicator for the MT4 trading platform. It is a popular indicator among traders due to its ability to spot potential reversals in the market. The I-Gap Indicator works by analyzing the price action of the market and identifying when a price gap is forming. A price gap is when the current price is significantly higher or lower than the previous price. This gap can indicate a potential reversal in the market. The I-Gap Indicator makes use of two lines: a red line and a blue line. The red line is the current price, while the blue line is the previous price. When the red line is significantly higher than the blue line, it indicates a potential price reversal. The indicator will then alert the trader with an arrow pointing in the direction of the potential reversal. Overall, the I-Gap Indicator is a powerful and useful free Forex indicator for the MT4 trading platform.
MT4
I Gap
The I-Gap Indicator is a free and popular Forex indicator for MT4 that is useful for traders of all levels of experience. This indicator works by automatically detecting changes in the market, allowing traders to see when a gap has developed and take advantage of potential opportunities. The I-Gap Indicator is easy to use and can be installed quickly on any MT4 platform. With this indicator, traders can quickly identify gaps in the market and take advantage of them.
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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.
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