The Silver Trend Signal Indicator is a free and popular Forex indicator for MT4. It is useful for traders looking to identify trend direction and strength. The indicator uses a combination of moving averages to determine the trend and then uses a special algorithm to calculate trend strength. This allows traders to determine when to enter and exit trades. The Silver Trend Signal Indicator is easy to use and understand. It plots a signal line on the chart which changes color when the trend changes. When the line is blue, the trend is up and when it is red, the trend is down. The line also changes its thickness depending on the strength of the trend. This makes it easy to identify strong and weak trends. Overall, the Silver Trend Signal Indicator is a useful and popular Forex indicator for MT4. It is easy to use and understand, and it helps traders identify strong and reliable trends.
MT4
Silver Trend Signal
The Silver Trend Signal Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4) that helps traders identify and follow trends in the currency markets. This useful indicator can be used in multiple timeframes and is easy to set up and use. The indicator works by monitoring price action and spotting the beginning and end of trends. With the Silver Trend Signal Indicator, traders can easily identify and capitalize on trends in the Forex market, making it one of the most useful and popular free indicators for MT4.
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Category: Signal
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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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