The SSL Channel Chart Indicator MT5 is a useful and popular free Forex indicator. It is designed to help traders identify the trend and the strength of the trend. This indicator is based on the SSL Channel Chart, which is a variation of the Keltner Channel. The SSL Channel Chart Indicator MT5 is easy to use and can be applied to any chart. The SSL Channel Chart Indicator MT5 is a technical indicator that uses a combination of two moving averages to create a channel. The two moving averages are calculated on a closing price basis and are usually set to a period of 14. The middle line of the channel is the average of the two moving averages, while the upper and lower lines are the standard deviations of the two moving averages. When the price is above the upper line, it is considered to be in an uptrend, and when it is below the lower line, it is considered to be in a downtrend. The SSL Channel Chart Indicator MT5 is a great tool for traders who want to identify the trend and the strength of the trend. It also helps traders identify entry and exit points. Traders can use the indicator to identify the direction of the trend and also to identify potential support and resistance levels. The indicator is simple to use and can be used on any chart. This makes it a great tool for traders looking to identify the trend and the strength of the trend.
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SSL Channel Chart
The SSL Channel Chart Indicator MT5 is a popular and free forex indicator that is useful for traders who want to analyze the market and make informed decisions. The indicator works by drawing a channel on the chart that is based on the statistical analysis of the price movement. With the SSL Channel Chart Indicator MT5, traders can easily identify trends and make informed decisions, helping them to maximize their profits.
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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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