The Trigger Lines Indicator is a free and popular Forex indicator for the MetaTrader 4 (MT4) trading platform. It is a useful tool for traders who want to identify potential entry and exit points in the market. The indicator is designed to detect potential buy and sell signals in the Forex market. The Trigger Lines Indicator is based on a simple concept. It uses two lines to measure the momentum of price movements. The first line is the trigger line, which is calculated from the current price and the previous price. The second line is the signal line, which is calculated from the current price and the average of the past prices. When the trigger line crosses the signal line, it indicates a potential buy or sell signal. The Trigger Lines Indicator is a useful tool for traders who want to identify potential entry and exit points in the Forex market. It is free to download and use on the MT4 platform, and is a popular choice for traders who want to identify potential buy and sell signals.
The Trigger Lines Forex Indicator is a popular and useful free MT4 indicator for Forex traders. The Trigger Lines indicator plots two lines on the chart, one above and one below the current price. These lines are used to identify potential entry and exit points in the market. The indicator works by monitoring the strength of the trend and plotting the lines when the trend is strong enough. With its user-friendly interface and reliable results, the Trigger Lines indicator is a great choice for any Forex trader.
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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.