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.
Its 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.
Installation
Copy and paste the eunic-brussels.eu4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)
VQ Bars Indicator is a popular and free MetaTrader 4 (MT4) indicator that is useful for traders of all levels. This indicator displays the price action of a currency pair in the shape of bars, making it easier for traders to grasp the market. The indicator is based on the currency pair’s volume and price, and you can use it to identify buying and selling opportunities.
VQ Bars Indicator algorithm is based on the concept of volatility quality. The indicator uses the average true range (ATR) to calculate the currency pairs volatility. The ATR is then multiplied by a factor to create a threshold value. If the price of the currency pair exceeds this threshold value, a new bar is created. The VQ Bars Indicator is designed to filter out market noise and provide a clear view of the market trend.
VQ Bars Indicator is important because it simplifies analysis, generates entry signals, and allows traders to customize settings. The indicator is most effective with other indicators and technical analysis tools. The VQ Bars Indicator is an excellent tool for Forex traders seeking a simple way to find trading opportunities.
The VQ Bars Indicator is a free MetaTrader 4 (MT4) indicator that displays the price action of a currency pair in the shape of bars, making it easier for traders to grasp the market. It is based on the currency pair’s volume and price, and you can use it to identify buying and selling opportunities. The indicator is most effective with other indicators and technical analysis tools.
VQ Bars Indicator for MetaTrader 4 is a powerful tool for Forex traders seeking a simple way to find trading opportunities. The indicator is easy to use and can be customized to suit your trading style. The VQ Bars Indicator is most effective with other indicators and technical analysis tools.
This is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data.
This MT4 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT4 Strategies
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VQ bars indicator for MetaTrader 4
The VQ Candlestick Bars Metatrader 4 forex indicator is built on moving averages, as shown within its MT4 code.
It is an indicator that helps determine trend direction and possible reversals.
It is a visually scintillating indicator that gets displayed within the activity chart as green or red bars.
These colored bars are superimposed on the candlesticks.
A green bar defines a bullish trend while a red bar points to a bearish signal.
The VQ Bars indicator is suitable for any timeframe and currency pair.
Works for scalping, day trading and swing trading purposes.
Free Download
Download the “eunic-brussels.eu4” MT4 indicator
Example Chart
The EUR/USD H1 chart below displays the VQ Candlestick Bars Metatrader 4 forex indicator in action.
Basic Trading Signals
Buy Signal: Go long when the VQ Candlestick Bars Metatrader 4 forex indicator displays green bars within the activity chart.
Sell Signal: Go short when the VQ Candlestick Bars Metatrader 4 forex indicator displays red bars within the price chart.
Exit buy trade: Close all buy orders if while a bullish trend is ongoing, the VQ Bars indicator displays a red bar.
Exit sell trade: Close all sell orders if while a bearish trend is running, the VQ Bars indicator pops up a green bar.
Tips: Using the VQ Candlestick Bars indicator can offer forex traders a serious advantage when executing a trading strategy.
Traders can always stay in the know as to when a trend is beginning and when a reversal is also occurring.
Download
Download the “eunic-brussels.eu4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (Length, Method, Smoothing, Filter, Steady), width & Style.
Time frames: 1-Minute, 5-Minutes, Minutes, Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: trend
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