The Silence Indicator for MT5 is a popular and useful tool for forex traders. This indicator is designed to help traders identify moments of market silence, which can be valuable for making informed trading decisions. The Silence Indicator is free to use and easy to install on the MT5 platform. This indicator works by analyzing market volatility and identifying periods when there is little to no price movement. Traders can use this information to avoid entering trades during quiet market times, which can help reduce the risk of losses. Additionally, the Silence Indicator can be used in conjunction with other technical analysis tools to confirm trade signals. Overall, the Silence Indicator is a valuable resource for forex traders who want to optimize their trading strategies and make more informed decisions in the market.
MT5
Silence Indicator
Silence Indicator for MT5 is a useful forex indicator that is popular among traders for its accuracy in detecting periods of market calm. This free indicator works by analyzing price action and volume to identify times when the market is quiet. Traders can use this information to avoid making trades during low volatility periods and wait for better opportunities.
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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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