The Price Channel Indicator is a useful tool for Forex traders. It is a popular indicator for the MT4 platform and is available for free. The Price Channel Indicator is designed to help traders identify potential entry and exit points by tracking price movements within a channel. It works by plotting two lines on the chart, one above and one below the current price. The indicator then looks for price movements that break out of the channel and signal a potential trade. The Price Channel Indicator is a great tool for traders who want to identify potential entry and exit points quickly. The indicator is easy to use and can be applied to any chart. It can be used to identify support and resistance levels, as well as potential breakouts. Traders can also use the indicator to identify trend reversals and momentum shifts. The Price Channel Indicator is a great tool for traders who want to maximize their profits and minimize their losses.
The Price Channel Indicator is a popular and free Forex indicator for MT4 that is used to identify potential entry and exit points in the market. The lines are determined by the highest and lowest prices of the previous period. When the price touches one of the lines, it is likely to move back in the opposite direction. The Price Channel Indicator is a popular and useful tool for Forex traders, as it helps to identify potential entry and exit points in the market.
Downloads - 47
0 People watching this product now!
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.