The TopTrend indicator is a popular and free MT4 forex indicator that is useful for traders who want to identify the current trend in the forex market. The indicator helps traders identify the current trend by displaying an arrow on the chart that indicates the direction of the trend. The indicator also displays a histogram that shows the strength of the trend. The histogram changes color depending on the strength of the trend, and it can be used to determine when the trend is strong or weak. The indicator also includes a line that shows the direction of the trend and a line that shows the support and resistance levels. The TopTrend indicator is easy to use and understand. It is a great tool for traders who want to identify the current trend in the market and make informed trading decisions. The indicator can be used to identify the direction of the trend, the strength of the trend, and the support and resistance levels. It can also be used to identify potential entry and exit points for trades. The indicator is free to download and use, and it is compatible with most MT4 platforms. It is a great tool for traders who want to identify the current trend in the market and make informed trading decisions
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This free Forex indicator is one of the most popular and useful MT4 indicators available for traders. The indicator is designed to help traders identify potential patterns in the market and make profitable trades. It can be used to spot entry and exit points, determine the strength of a trend, and identify potential reversals. The indicator is also useful for identifying potential support and resistance levels. It can be used to help traders set stop losses and take profits. The indicator is easy to use and understand, making it a popular choice among traders. It is also free, making it an ideal choice for any trader who wants to start trading with minimal investment.
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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.