The Price Channel Stop NK indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of price breakouts. The indicator works by plotting two lines on the chart, the Price Channel Stop Line (PCSL) and the Price Channel Stop Line (PCSL). The PCSL is a line that follows the price action, while the PCSL is a line that follows the price action in the opposite direction. When the price breaks out of either of these lines, it can be used as a signal to enter a trade. The indicator also provides additional features such as alerts and customizable parameters. This makes it a very powerful tool for trading the Forex market. The Price Channel Stop NK indicator is easy to use and can be used by both beginners and experienced traders alike. It is a great way to identify and take advantage of price breakouts.
MT4
Price Channel Stop NK
The Price Channel Stop NK indicator is a useful and popular free Forex indicator for MT4. The indicator works by plotting a price channel on the chart. The channel consists of two parallel lines that correspond to the highest and lowest price points for a given period. It is a great tool for traders who are looking for an easy way to identify potential entry and exit points in the market.
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Categories: Envelope Indicators, 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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