The Multi-Time Frame Indicator (MTF) is a popular and free forex indicator for MT4. This indicator allows traders to analyze different time frames on the same chart, saving valuable time and providing more accurate trading signals. The MTF indicator works by scanning different time frames and then providing signals based on trend analysis. It displays a summary of the trend for the desired time period and generates an alert when the trend changes. The MTF indicator can be configured to display any combination of timeframes including daily, weekly and monthly. To summarize, the Multi-Time Frame indicator is a popular and reliable forex indicator that provides traders with valuable information about different time frames on the same chart.
Multi Time Frame
The Multi Time Frame Indicator (MTF) is a popular forex indicator available for the MT4 platform. The MTF indicator works by displaying a combination of multiple timeframes on the same chart, allowing traders to better see market trends. This is a useful tool for those who want to trade on multiple timeframes and want to have a clear view of the market. With this indicator, traders can easily spot trend reversals, identify key support and resistance levels, and make informed trading decisions.
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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.