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Home Collection Stochastic MACD Correct
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MACD Correct

The MacD Correct Indicator is a useful and popular free Forex indicator for MT4. The indicator works by calculating the difference between two moving averages and then plotting the result on the chart. The MacD Correct Indicator is a great tool for Forex traders looking to improve their trading accuracy and profitability.

Indicator Type

Overbought & Oversold

Trading Style

Intraday

,

Short-term

Timeframe

H1-H4

,

M15-M30

Platform

MT4

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Description

The MACD Correct Indicator is an incredibly useful tool for Forex traders of all skill levels. It is a popular and free MT4 indicator that helps traders identify when to enter and exit trades. The MACD Correct Indicator uses two lines – the MACD line and the signal line – to generate buy and sell signals. When the MACD line crosses above the signal line, a buy signal is generated. When the MACD line crosses below the signal line, a sell signal is generated. The indicator also provides visual alerts when a signal is generated, so traders can easily identify when to make a trade. The MACD Correct Indicator is easy to use and understand. It is a great tool for both novice and experienced traders. It can be used in any market condition and can be used with any timeframe. The indicator also provides an array of customizable settings, so traders can adjust the parameters to fit their trading strategy. The indicator is also highly accurate, providing reliable buy and sell signals that can help traders maximize their profits. With its help, traders can maximize their profits and become more successful in the Forex market.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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