Mouteki Demark Trend New Indicator is a popular and useful free Forex indicator for MT4. It is based on the original DeMark Trend New indicator and is used to identify trend reversals. The indicator uses a combination of price action and various technical indicators to determine the strength of a trend and to identify potential trend reversals. The indicator displays a colored line that changes color depending on the strength of the trend. When the line is blue, it indicates a strong trend. When the line is red, it indicates a weak trend. The indicator also displays a histogram which shows the strength of the trend. When the histogram is green, it indicates a strong trend. When the histogram is red, it indicates a weak trend. The indicator also displays a buy and sell signal when a trend reversal is detected. The buy and sell signals are displayed as arrows on the chart. The Mouteki Demark Trend New Indicator is a useful tool for traders who want to identify potential trend reversals and take advantage of them. It is an easy to use indicator that can be used by both experienced and beginner traders. This indicator is free and can be downloaded from the MT4 platform.
Mouteki Demark Trend New
The Mouteki Demark Trend New Indicator is a popular and free Forex indicator for the MT4 platform. It is a useful tool that helps traders identify trends in the market. The indicator uses a combination of moving averages and price action to determine the trend direction and strength. The indicator is easy to read and can be used by both novice and experienced traders. It is a great tool for any trader looking to gain an edge 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.