The Trend Percentage Indicator is a useful and popular Forex indicator that is available for free on the MT4 platform. This indicator is designed to help traders identify the current trend of the market and identify potential entry and exit points. The Trend Percentage Indicator works by measuring the current trend of the market and displaying it on the chart. The indicator will show the percentage of the current trend, whether it is an uptrend, downtrend, or sideways. This helps traders to easily identify the current trend and make decisions based on the trend. The indicator also provides a visual representation of the trend, which makes it easier to analyze the market. The Trend Percentage Indicator is easy to use and can be used in both short and long-term trading. It is also a great tool for day traders as it can help them identify entry and exit points quickly. The indicator can also be used to identify potential support and resistance levels, which can help traders to make better trading decisions. Overall, the Trend Percentage Indicator is a useful and popular Forex indicator that can be used to help traders identify the current trend of the market and make better trading decisions. It is free to use on the MT4 platform and is easy to interpret and use.
The Trend Percentage Indicator is a powerful and popular free Forex indicator for MT4. This indicator measures the percentage of the current price relative to the highest and lowest price over a specific period of time. It is an easy-to-use indicator that can help traders make more informed decisions. The Trend Percentage Indicator can be used to identify potential entry and exit points in the market as well as to identify potential trend reversals. By using this indicator, traders can gain an understanding of the market’s direction and momentum and use this information to make more informed trading decisions.
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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.