Tick watcher indicator is a popular and useful tool for forex traders using MT4. This free indicator helps you monitor tick activity in real-time, allowing you to better understand market dynamics and make more informed trading decisions. The tick watcher indicator works by displaying the number of ticks that have occurred since the start of a trading session. It also shows the average tick volume per minute, giving you a clear picture of market volatility. By using this information, you can identify trends, reversals, and potential entry or exit points. To use the tick watcher indicator, simply add it to your MT4 platform and customize the settings to suit your trading style. You can adjust the color and appearance of the tick counter to make it easier to read and analyze. Overall, this indicator is a valuable tool for any forex trader looking to gain a deeper insight into market movements.
MT4
Tick Watcher
The Tick Watcher indicator is a useful forex indicator for MT4 that is popular among traders. It is a free tool that helps users monitor tick activity in real-time. This indicator can be used to identify trends and make informed trading decisions. By analyzing tick movements, traders can better understand market dynamics and anticipate price changes.
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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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