The Magic Vision Indicator is a popular and useful free Forex indicator for MT4. This indicator is a great tool for traders who want to make informed decisions on the Forex market. It helps traders identify potential entry and exit points, as well as providing a visual representation of the market trends. The indicator works by analyzing the market conditions and providing signals for when the market is overbought or oversold. This helps traders make more informed decisions on when to enter and exit trades. The Magic Vision Indicator is easy to use and understand. It is a simple indicator that can be used on any timeframe. It provides traders with a visual representation of the market trends and allows traders to easily identify potential entry and exit points. The indicator also provides traders with the ability to set their own parameters, such as the number of pips to enter or exit a trade. This allows traders to customize the indicator to their own trading style. The Magic Vision Indicator is also a great tool for traders who are new to the Forex market. It provides traders with an easy way to understand the market and make informed decisions. The indicator is also a great way for experienced traders to stay on top of the market and make the most of their trades. The indicator is free to download and use, making it a great choice for any trader.
MT4
Magic Vision
The Magic Vision Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that helps traders identify potential trading opportunities. The indicator is designed to detect patterns in the market, allowing traders to make informed decisions when trading. It is based on a combination of price action, trend lines, and support and resistance levels. The indicator can be used to identify potential entry and exit points, as well as to analyze the strength of a trend. Additionally, it can be used to identify overbought and oversold conditions, as well as to identify potential reversals. The Magic Vision Indicator is a useful tool for traders looking to maximize their profits 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:
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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