The Spread Normalized Indicator is a useful and popular Forex indicator for MetaTrader 4 (MT4). It is free to download and use. The indicator works to normalize the spread of a currency pair, which is the difference between the bid and ask prices. By normalizing the spread, traders can make more informed trading decisions as they can compare the spread of different currency pairs more accurately. The Spread Normalized Indicator displays the spread of a currency pair as a percentage or in pips. This allows traders to compare the spread of different currency pairs with ease. The indicator also shows the current spread as well as the average spread over a given period of time. This helps traders to identify whether the current spread is higher or lower than usual. Overall, the Spread Normalized Indicator is a useful and popular Forex indicator for MT4. It is free to download and use and helps traders to make more informed trading decisions by normalizing the spread of a currency pair.
MT4
Spread Normalized
This free Spread Normalized Indicator for MT4 is a useful tool for forex traders. It helps traders to identify the spread of a currency pair and normalize it for easier comparison. The indicator displays the spread as a percentage of the average spread of the pair over a certain period of time. This allows traders to quickly identify trends in the market and make better trading decisions.
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Categories: Signal, Stochastic
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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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