The Kolier Supertrend Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders who want to identify the current trend in the market. The indicator is based on the ATR (Average True Range) and the CCI (Commodity Channel Index) and it provides a visual representation of the current trend in the market. The Kolier Supertrend Indicator is easy to use and understand. It uses a simple line chart to show the current trend in the market. The line chart is composed of two lines: the Supertrend line and the signal line. The Supertrend line is the main line that shows the current trend in the market. The signal line is a secondary line that gives traders a signal when the trend is about to change. The indicator is also customizable. Traders can change the parameters of the indicator to suit their trading style. They can also adjust the sensitivity of the indicator, which helps them to identify the current trend in the market more accurately.
Kolier Supertrend Indicator is a popular free Forex indicator for MetaTrader 4 (MT4) trading platform. It is a useful tool for traders to identify the trend direction and to make trading decisions. It also provides signals when the trend is changing. The indicator is easy to use and can be used for both short-term and long-term trading. The indicator is also popular among beginner traders as it is easy to understand and use. The Kolier Supertrend Indicator is a great tool for traders of all levels and can help them make profitable 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.