SpreadWarner is a popular and free Forex indicator for MT4. It is a useful tool for traders who want to monitor the spread of their trades in real-time. The indicator is designed to detect changes in the spread of a currency pair and alert the trader if the spread exceeds a certain threshold. The SpreadWarner indicator works by monitoring the spread of the currency pair and displaying it on the chart. The spread is calculated as the difference between the bid and ask prices of the currency pair. If the spread exceeds the threshold set by the user, the indicator will display a warning signal. This allows the trader to quickly adjust their trading strategy to take advantage of the changes in the spread. Overall, the SpreadWarner indicator is a useful and popular tool for Forex traders.
The SpreadWarner Spread Indicator is a useful and popular free Forex indicator for MT4. The indicator works by showing the current spread of a currency pair in real-time, and also by providing a visual representation of the spread over the past 24 hours. This allows traders to quickly identify any potential changes in the spread and take advantage of them. With this indicator, traders can easily stay up-to-date on the current spread of their currency pairs and make informed decisions.
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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.