The Mega Trend Indicator is a popular and free Forex indicator for MT4 (MetaTrader 4) that is useful for traders of all levels. It is designed to help traders identify and take advantage of the mega trends in the Forex market. The indicator uses an algorithm to identify and display the mega trends that are occurring in the market. It also includes features such as price alerts, trend lines, and support and resistance levels. The indicator is easy to use and understand. It displays the trend lines and support and resistance levels in a graphical format, making it easy to identify and take advantage of the mega trends. It also includes a price alert feature that will notify traders when the price reaches certain levels. This allows traders to easily and quickly take advantage of the mega trends in the Forex market. The Mega Trend Indicator is a great tool for traders of all levels.
The Mega Trend Indicator is a popular and useful free Forex indicator for MT4. The indicator uses multiple moving averages and technical analysis to find the most profitable trend and show it on the chart. It also provides traders with buy and sell signals, and the ability to set stop-loss and take-profit levels. With this indicator, traders can easily identify and take advantage of the most profitable trends 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.