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Home Collection Support & Resistance MTF BAR Indicator
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MTF BAR Indicator

MTF Bar Indicator is a popular and useful forex indicator for MT4 traders. This free indicator allows users to view multiple time frame bars on one chart, providing valuable insights into market trends and potential entry/exit points. By comparing different time frames, traders can make more informed decisions and improve their overall trading strategy.

Indicator Type

Reversal

Trading Style

Day Trading

,

Intraday

Timeframe

H1-H4

,

M15-M30

Platform

MT4

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  • How to Install
Description

The MTF Bar Indicator is a popular and useful forex indicator for the MT4 platform. This free indicator allows traders to easily see multiple time frame bar information on a single chart, helping them make more informed trading decisions. The MTF Bar Indicator works by displaying the open, high, low, and close prices of a particular bar across different time frames. Traders can customize the time frames displayed, allowing them to analyze how price has moved on different scales. This can help traders identify trends, reversals, and potential trading opportunities. To use the MTF Bar Indicator, simply install it on your MT4 platform and customize the settings to fit your trading style. You can then easily view multiple time frame bar information on your charts, giving you a comprehensive view of the 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:

  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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