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Magnified Market Price

Improve your trading experience using the Magnified Market Price Indicator. Get clear trade entry signals and customize the indicator to match your specifications. It is a great tool for both beginners and experienced traders alike.

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Description

As a forex trader, trade entry is very important. You should have all the relevant data about the currency pair you are trading. This indicator gives you this additional information, enabling you to enter trades well informed

Features of the Magnified Market Price Indicator

The Magnified Market Price indicator allows you to enter trades with a high chance of making profits. The indicator focuses on price fluctuations to achieve this. It draws 2 lines, one showing the actual price and the other an inflated price.

The indicator is a useful tool for experienced and inexperienced traders. Moreover, you can customize the indicator through its settings to meet your specifications.

How the Indicator Can Benefit You

Traders can use the indicator to determine possible entry and exit positions in the market. Traders can also use it to identify potential trend reversals and profit from price moves they might not have noticed otherwise. It is crucial to remember that this indicator should be used with other tools and tactics for better results.

Furthermore, you can select the length of the magnified line and the timeframe you want to analyze through the indicator’s MT4 settings. The Magnified Market Price is the best technical indicator for helping short-term traders make quick buy/sell choices based on possible price movements on MTF charts. It does not provide a direct trade signal, but it makes it easy to follow every tick of price movement throughout your analysis and trading session.

Indicator Setting Description

Bid-Ask Colors: This input lets you choose the bid/ask price color.

Font Color: This input allows you to choose the default font color of the price digits.

Font Size: This input allows you to adjust the magnified price display size.

Font Type: This input allows you to choose the font type of the price display numbers.

What Corner: This input lets you choose the chart position to display the magnified price.

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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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