The SuperTrend Bar MTF Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4). It is a useful tool for traders to identify and track trends in the Forex market. The SuperTrend Bar MTF Indicator is designed to help traders easily identify the direction of the trend in any given time frame. It also helps traders to identify when a trend is about to change direction. The SuperTrend Bar MTF Indicator uses a combination of two different trend indicators, the Exponential Moving Average (EMA) and the Average True Range (ATR). The EMA is used to identify the direction of the trend while the ATR is used to measure the strength of the trend. The indicator will then calculate the trend based on the EMA and ATR values and display the trend on the chart. The SuperTrend Bar MTF Indicator can be used to identify the current trend direction, as well as potential trend reversals. It can also be used to identify when a trend is about to change direction. This can help traders to enter or exit trades at the right time. The SuperTrend Bar MTF Indicator is a useful tool for traders of all levels of experience. It is easy to use and can be used to identify trends in the Forex market.
Supertrend Bar MTF
The Supertrend Bar MTF Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator works by combining the Supertrend indicator with a bar chart to provide a visual representation of the current market trend. The indicator is easy to use and provides a clear signal of the current trend. It is a great tool for both experienced and novice traders alike, as it helps them to make better trading decisions and 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.