The Multi Trend Indicator is a useful tool for forex traders looking to analyze market trends on the popular MT4 platform. This free indicator combines multiple trend analysis methods to provide a comprehensive view of market movements. The indicator displays trend direction and strength for multiple timeframes, allowing traders to make informed decisions based on the overall market sentiment. Users can customize the indicator settings to suit their trading style and preferences. To use the Multi Trend Indicator, simply install it on your MT4 platform and adjust the settings according to your trading strategy. The indicator will then display colored lines and arrows on the chart, indicating the strength and direction of the trend. This can help traders identify potential entry and exit points for their trades.
MT4
Multi Trend
Multi Trend Indicator is a popular and useful forex indicator for MT4. It is free to use and provides valuable insights into market trends. This indicator works by analyzing multiple timeframes to give a comprehensive view of the market direction. Traders can use it to make informed decisions on when to enter or exit a trade.
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Category: Signal
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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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