The TTM Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is designed to provide traders with a simple, yet powerful tool to monitor the price action of any currency pair. The indicator is based on a combination of technical analysis and price action, and it is designed to give traders an edge in their trading. The TTM Indicator works by monitoring the price action of a currency pair and providing traders with an indication of when the market is likely to turn. It does this by looking at the recent price movements of the pair and then using a combination of technical indicators to identify potential areas of support and resistance. Once these areas have been identified, the indicator will then provide traders with an indication of when the market is likely to turn. Overall, the TTM Indicator is a useful and popular free Forex indicator for MT4 trading platforms.
The TTM (Traders Trick) Indicator is a popular and free forex indicator for MetaTrader 4 (MT4) platforms. The TTM indicator is designed to identify potential reversals in price action. It does this by combining a number of technical indicators, such as the moving average, relative strength index, and Bollinger bands. The TTM indicator is easy to use and can be applied to any chart. It is a great tool for traders who want to take advantage of the short-term price movements 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.