The Key Reversal Mini Indicator is a useful and popular free MT4 indicator for Forex traders. It is designed to help traders identify when a trend is about to reverse. It works by analysing the market conditions and providing a signal when there is a potential for a trend reversal. The indicator uses a combination of price action and technical indicators to identify potential reversals. The Key Reversal Mini Indicator is easy to use and is suitable for both beginner and experienced traders. It displays a signal when a potential reversal is detected, allowing traders to take advantage of the situation. The indicator also displays the current trend direction and the strength of the trend. This allows traders to make informed decisions and enter or exit the market at the right time. The Key Reversal Mini Indicator is a great tool for traders looking to identify potential reversals in the Forex market. It is a reliable and accurate indicator that can be used to help traders identify when a trend is about to reverse.
Key Reversal Mini
The Key Reversal Mini Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by tracking the price action of a currency pair and identifying when it is likely to reverse. It then provides a signal to the trader, allowing them to make an informed decision about when to enter or exit a trade. The indicator is easy to use and helps traders identify when a reversal may be about to occur. It is also a great tool for beginners, as it can help them spot potential reversals and make more informed decisions about their trades.
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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.