The Trend Signal Indicator is a popular and useful free Forex indicator for MT4. It is designed to help traders identify the trend of the market, enabling them to make better trading decisions. The indicator works by analyzing the price action of a given currency pair and then plotting a line on the chart. This line indicates the current trend of the market, allowing traders to identify whether the market is in an uptrend, downtrend or range-bound. The Trend Signal Indicator is easy to use and can be applied to any timeframe. It is also highly customizable, allowing traders to adjust the indicator’s settings to suit their own trading style. The indicator can be used to identify entry and exit points for trades, as well as to identify potential support and resistance levels. It can also be used to identify potential breakouts and reversals in the market.
The Trend Signal Indicator is a popular and useful Forex indicator for MT4. It is a free indicator that helps traders identify the direction of the trend and identify potential entry and exit points. The indicator uses a combination of multiple technical indicators to generate signals and provide traders with an objective view of the market. The Trend Signal Indicator is an invaluable tool for any trader looking to take advantage of the Forex markets.
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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.