The second version of the indicator TREND_alexcud v_2 contains some changes that allow it to be used on smaller timeframes.
The advantage is that anyone can setup the indicator for a certain timeframe by inputting the necessary number of minutes in corresponding lines of the input parameters.
Default parameters are:
TF1 = 15 (15 minutes)
TF2 = 60 (1 hour)
TF3 = 240 (4 hours)
The following values are available:
1 – 1 minute
5 – 5 minutes
15 – 15 minutes
30 – 30 minutes
60 – 1 hour
240 – 4 hours
1440 – 1 day
10080 – 1 week
43200 – 1 month
Hypothetical trading results on the basis of the indicator:
HOW TO INSTALL METATRADER INDICATORS ON MT4
Installing indicators on MT4 comes down to:
- Downloading the files (.ex4 and .mq4 formats) – Right click the download button and Save link as…
- Placing them in the MT4 “Indicators” Data Folder
- Closing and re-starting your MT4 terminal
- Dragging you indicator from the Navigator to the Forex Chart
Downloading the indicator.
Download and prepare the MT4 indicator file(s) so they are ready to go on your computer. (Please note that some custom indicators will come in a .rar file, so make sure to extract the .ex4 and .mq4 files).
Go back to your Metatrader 4 platform, click the File Tab and select “Open Data Folder” to get access to the system folders for the MT4 program:
Placing them in the MT4 “Indicators” Data Folder.
Go to the “MQL4” folder and the “Indicator” subfolder and open the folder.
Drag or copy and paste the custom indicators files to the “Indicators” subfolder.
Restart the MT4 program. When MT4 loads again, you should see your custom indicator added to the directory in the navigation window.
Go to the navigation window and scroll down the menu to “Indicators”, pick the one you want to use and drag it to your chart.
For a video on how to install you MT4 indicators please visit our Youtube channel.
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