The Momentum Pinball Indicator for MT5 is a popular and free forex indicator that is useful for traders of all levels. It uses a combination of price momentum and volatility to identify possible trading opportunities. The Momentum Pinball Indicator is based on the idea that when momentum and volatility are high, prices will tend to move in a range. The indicator is designed to identify this range and provide traders with potential entry and exit points. When the Momentum Pinball Indicator is applied to a chart, it will display a range of values for each bar. The range will be determined by the price action and volatility of the current bar. When the range is breached, it indicates a potential entry or exit point. The indicator also provides visual cues to help traders identify these points. The indicator is also easy to use, making it popular among both novice and experienced traders.
MT5
Momentum Pinball
The Momentum Pinball Indicator MT5 is a popular and free Forex indicator that can be used for both manual and automated trading. The indicator works by measuring the rate of change of price, and then plotting this information on a graph. It is also popular among novice traders who want to get a better understanding of the Forex market.
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Category: Stochastic
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Description
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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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