The SHI Channel True Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of profitable trading opportunities in the Forex market. The indicator works by analyzing the price action of a currency pair and plotting a channel line based on the high and low of the most recent candles. The channel line can be used to identify potential entry and exit points in the market. The indicator is easy to use and understand. All traders need to do is to plot the SHI Channel True Indicator on their chart. Once the indicator is plotted, the trader can see the channel line and the recent high and low points of the currency pair. This allows the trader to identify potential entry and exit points in the market. The trader can then use this information to determine when to enter and exit a trade. With the indicator, traders can identify entry and exit points, as well as identify potential trading opportunities. This makes the indicator a great tool for traders who are looking to increase their profits in the Forex market.
Shi Channel True
The Shi Channel True Indicator is a popular and useful tool for Forex traders. This free indicator for MT4 provides traders with a simple and effective way to identify potential entry and exit points in the Forex market. The indicator uses a combination of moving average lines and price channels to identify the trend direction and provide entry and exit signals. The Shi Channel True Indicator is a popular and free tool for Forex traders that can be used to identify potential trading opportunities in the Forex market.
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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.