The MA Candles Two Colors is a popular and free MetaTrader 4 (MT4) indicator that is useful for Forex traders. This indicator uses Moving Averages to display two different colored candles on the chart. The color of the candle is determined by the direction of the Moving Average. If the Moving Average is pointing upwards, the candle is colored green; if the Moving Average is pointing downwards, the candle is colored red. The MA Candles Two Colors indicator is useful for traders to quickly identify the direction of the market. The indicator can be used to identify possible buy and sell signals. When the candle is green, the market is in an uptrend and traders can look for buying opportunities. When the candle is red, the market is in a downtrend and traders can look for selling opportunities. The indicator also allows traders to customize the settings to suit their trading strategy. Traders can choose the Moving Average type and period, as well as the colors of the candles. This allows traders to customize the indicator to their own preferences. The indicator is easy to use and can be a useful tool for traders looking to identify market trends.
MT4
MA Candles TWO Colors
The MA Candles Two Colors indicator for MetaTrader 4 is a useful and popular free Forex indicator. The indicator works by plotting two moving averages (MA) on the chart, each with a different color. This indicator is a great tool for traders who want to quickly identify the direction of the trend and make informed trading decisions.
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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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