The Trend Traffic Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) trading platform. It is designed to help traders identify the trend direction of the market and identify potential trading opportunities. The indicator uses a combination of price action and volume to identify trend direction and momentum. It can also be used to identify potential support and resistance levels. The Trend Traffic Indicator uses two different types of signals to provide traders with an indication of the trend direction. The first signal is the moving average, which is used to identify the direction of the trend. The second signal is the volume, which is used to identify the strength of the trend. The indicator will also display the trend direction in a graphical format, allowing traders to easily identify the trend direction. The Trend Traffic Indicator is easy to use and can be used on any time frame. It is also compatible with all major Forex brokers. The indicator is available for free from the MT4 store and is updated regularly with new features and improvements. Overall, the Trend Traffic Indicator is a useful and popular free Forex indicator for the MT4 trading platform.
The Trend Traffic Indicator is a useful and popular free Forex indicator for the MT4 platform. The indicator works by analyzing the historical price data of a currency pair and using it to generate a trend line. This line is then used to identify potential entry and exit points for trades. The indicator is free to use and can be easily downloaded and installed on the MT4 platform. It is a popular choice for traders looking to make the most of their trading strategies. The Trend Traffic Indicator is a great tool for traders looking to identify and follow trends in the Forex market.
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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.