The Magnified Market Price Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4) trading platforms. This indicator is designed to provide traders with an easy-to-use tool that can help them identify and take advantage of trading opportunities. The Magnified Market Price Indicator works by displaying the current price of a currency pair on the chart, along with a magnified version of the price. This magnified version provides a more detailed view of the price movements and allows traders to see small price movements that they may have otherwise missed. The indicator also displays a range of other information, such as the current trend, the current support and resistance levels, and the overall market sentiment. Overall, the Magnified Market Price Indicator is a useful and popular free Forex indicator for MT4 trading platforms.
Magnified Market Price
The Magnified Market Price Indicator is a popular and free Forex indicator for MT4 which is useful for traders of all levels. The Magnified Market Price Indicator works by displaying the current market price of a currency pair in the form of a line on the chart. This line will move up or down depending on the direction of the market. It is a great tool for both beginners and experienced traders alike.
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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.