The Multi-Range Calculator Forex Indicator is one of the most popular and useful tools for forex traders. This free indicator is available for the MetaTrader 4 (MT4) platform and helps traders easily calculate the range of any currency pair. It works by automatically finding the highest and lowest price points of the selected currency pair over the chosen period of time. This allows traders to quickly and accurately determine the range of the pair and make informed trading decisions. The Multi-Range Calculator Forex Indicator is easy to use and can be quickly integrated into any MT4 trading platform. All a trader needs to do is select the currency pair they are interested in and the period of time they want to analyze. The indicator will then automatically calculate the range of the pair and display a graph showing the high and low points. This graph can be used to identify potential entry and exit points, as well as to determine the trend of the pair. Overall, the Multi-Range Calculator Forex Indicator is a powerful and useful tool for forex traders. It is free, easy to use, and can be quickly integrated into any MT4 trading platform. With its range of helpful features, the indicator can be used to accurately calculate the range of any currency pair and identify potential trading opportunities.
Multi Range Calculator
The Multi Range Calculator Indicator is a popular and free Forex indicator for MT4. This indicator uses a range of price and timeframes to calculate the best entry and exit points for each trade. It can be used to identify potential support and resistance levels, as well as to identify market trends. With its advanced features, traders can quickly and easily identify profitable trading opportunities.
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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.