The M Candles Indicator is one of the most popular and useful free Forex indicators available for the MT4 platform. It is a simple yet powerful tool that allows traders to quickly identify the direction of the trend and the strength of the current trend. The indicator displays the current trend direction on a chart with colored candles, each of which corresponds to a certain market condition. The colors of the candles represent either a bullish or bearish trend and the size of the candle indicates the strength of the trend. The M Candles Indicator can be used to identify potential entry and exit points in the market. It can also be used to identify support and resistance levels, as well as to identify potential reversals. The indicator is easy to use and understand, making it ideal for both novice and experienced traders. The indicator is also customizable, allowing traders to adjust the colors of the candles and the size of the candles to suit their individual trading style. With its simple yet powerful features, the M Candles Indicator is a must-have for any serious Forex trader.
MT4
M Candles
The M Candles Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is a powerful tool that helps traders identify price trends and reversals in the market. With its easy to use interface, the M Candles indicator is a great choice for traders of all levels. It is especially useful for those who are new to Forex trading and want to get a better understanding of how the markets work.
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Category: Signal
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Description
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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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