The Stealth Indicator is a free and popular Forex indicator for MetaTrader 4 (MT4) trading platforms. It is a useful tool for traders to identify the direction of a trend and to gauge the strength of the trend. The Stealth Indicator is based on the Average Directional Index (ADX) and uses the ADX line to measure the strength of a trend. It also uses the +DI and -DI lines to identify the direction of the trend. The Stealth Indicator works by analyzing the ADX line and the +DI and -DI lines to determine the strength and direction of the trend. If the ADX line is above 25, it indicates that the trend is strong. If the +DI line is above the -DI line, it indicates that the trend is up. Conversely, if the -DI line is above the +DI line, it indicates that the trend is down. It is easy to use and can help traders identify the direction and strength of a trend. It can also be used in conjunction with other indicators to confirm the trend and to make trading decisions.
MT4
Stealth Indicator
The Stealth Indicator is a powerful and useful Forex trading indicator for MT4 that is becoming increasingly popular. The indicator works by analyzing the market and providing traders with helpful signals and alerts that can be used to make informed trading decisions. The Stealth Indicator is a great tool for traders of all levels and can be used to make profitable trades.
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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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