The Trend Intensity Index 1-3 Averages Indicator is a popular and useful free Forex indicator for MT4. It is designed to provide traders with an easy way to gauge the strength of a trend and identify potential reversal points. The indicator is composed of three exponential moving averages (EMA) of different lengths. The first EMA is a short-term EMA and is used to identify short-term trends. The second EMA is a medium-term EMA and is used to identify medium-term trends. The third EMA is a long-term EMA and is used to identify long-term trends. The Trend Intensity Index 1-3 Averages Indicator uses the difference between the three EMAs to measure the intensity of the trend. When the short-term EMA is above the medium-term EMA and the medium-term EMA is above the long-term EMA, the trend is considered to be strong and the trend intensity index is high. On the other hand, when the short-term EMA is below the medium-term EMA and the medium-term EMA is below the long-term EMA, the trend is considered to be weak and the trend intensity index is low. Overall, the Trend Intensity Index 1-3 Averages Indicator is a useful and popular free Forex indicator for MT4. It can be used to gauge the strength of a trend and identify potential reversal points. It is easy to use and can help traders make informed trading decisions.
Trend Intensity Index 1.3 Averages Indicator
The Trend Intensity Index (TII) 1-3 Averages Indicator is a popular and free forex indicator for the MT4 platform. It does this by taking the average of three different time frames and then calculating the difference between them. This helps to identify whether the trend is strong or weak. The indicator is easy to understand and use, and can be a great tool for any trader looking to identify the strength of a trend. The indicator is free and can be easily downloaded and installed on any MT4 platform.
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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.