The SKDON Trend Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify the direction and strength of the trend in any currency pair. The indicator uses a variety of technical analysis tools to detect the trend and show the current trend direction and strength. It also displays the trend strength in the form of a line, which changes color to indicate the direction of the trend. Traders can use this indicator to identify entry and exit points in the market. The SKDON Trend Indicator is easy to use and does not require any prior knowledge of technical analysis. It can be used in any time frame and can be applied to any currency pair. The indicator is customizable, allowing traders to adjust the parameters to suit their own trading strategies. Overall, the SKDON Trend Indicator is a useful and popular free Forex indicator for MT4.
The SKDON Trend Indicator is a popular and free Forex indicator for MT4 that is useful for both novice and experienced traders. It is designed to identify trend changes and also to determine potential entry and exit points. The indicator uses a combination of moving averages and price action to identify trend changes and potential entry and exit points. It is a great tool for traders looking to identify potential entry and exit points 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.