The Price Distribution Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify the start of a trend in the Forex market. The indicator is based on the idea of price distribution, which is the way that prices tend to move in a certain direction. The indicator takes into account the previous price action and then plots a line on the chart that shows the direction of the trend. The Price Distribution Indicator is easy to use and can be added to any MT4 chart. Once added, the indicator will automatically calculate the price distribution of the current market and then plot the line on the chart. This line will help traders identify the start of a trend. The indicator also includes an alert system which will notify traders when the line has crossed a certain level. This can be used to help traders make more informed trading decisions. This can be used to help traders make more informed trading decisions and maximize their profits.
MT4
Price Distribution
The Price Distribution Indicator is a useful Forex tool for traders that use the popular MT4 platform. The indicator plots the price action of a currency pair in a histogram, which allows traders to easily identify the most popular price levels. The indicator is free to download and is easy to install on the MT4 platform.
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Category: Support & Resistance
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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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