The MKT Open Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify the current market open time and the opening range of the different currency pairs. The indicator has a simple user-friendly interface and is easy to use. The MKT Open Indicator is based on a simple calculation of the opening range of the different currency pairs. It takes into account the opening price of each currency pair and calculates the range between the highest and lowest opening prices. This range is then used to determine the current market open time. The indicator also displays the opening range of each currency pair on the chart. This indicator can be used to identify potential trading opportunities and plan trades accordingly.
MT4
MKT Open
The MKT Open Forex Indicator is a useful and popular MT4 indicator that can help traders identify the opening and closing of the forex market. This free indicator displays the opening and closing times of the various markets around the world in the form of a simple chart. It is a great tool for both beginner 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.
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