The PAMA GannGrid Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is used to help traders identify and take advantage of price trends in the market. This indicator is based on the Gann Grid concept, which is a classic technical analysis tool developed by W.D. Gann. The Gann Grid consists of a series of horizontal and vertical lines that are used to identify support and resistance levels. The PAMA GannGrid Indicator takes the Gann Grid concept one step further by adding a color-coded grid that can be used to identify potential trading opportunities. The indicator is easy to use, as it automatically plots the lines on the chart and provides a visual representation of the support and resistance levels. The indicator also includes an alert system that can be used to notify traders when a potential trading opportunity arises. By combining the Gann Grid concept with a color-coded grid and alert system, the PAMA GannGrid Indicator is an invaluable tool for Forex traders.
The Pama GannGrid indicator is a useful and popular free Forex indicator for MT4. The indicator plots horizontal lines on the chart, which represent support and resistance levels. The indicator also plots vertical lines, which represent potential trend lines. The Pama GannGrid indicator is easy to use, as it automatically adjusts the lines to match the current market conditions. The Pama GannGrid indicator is a powerful tool for Forex traders, as it provides valuable insights into market behavior.
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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.