The Free Price Volume Trend Indicator MT5 is a popular and useful Forex indicator that can be used to help traders make more informed decisions about their trades. This indicator is based on the analysis of price and volume data in order to identify potential trends in the Forex market. It works by comparing the current volume to the average volume over a given period of time, and then using this data to determine the trend of the market. The indicator also takes into account the price action of the market, which can be used to identify potential areas of support and resistance. The Price Volume Trend Indicator MT5 is a powerful tool for traders as it can provide valuable insight into the direction of the market. It can be used to identify potential entry and exit points for trades, as well as to identify potential areas of support and resistance. Additionally, the indicator can be used to identify potential overbought and oversold conditions in the market. Overall, the Price Volume Trend Indicator MT5 is a popular and useful Forex indicator that can be used to help traders make more informed decisions about their trades.
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Price Volume Trend
The Price Volume Trend Indicator for MT5 is a useful and popular free Forex indicator that helps traders to identify potential trends. It works by measuring the correlation between the volume and the price of a security. If the correlation is strong, the trend is considered to be strong. The indicator also displays the current trend by displaying a line on the chart. Indicator is free to use, making it a great choice for beginner traders.
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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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