The RoundLevels indicator is a popular and free MT4 Forex indicator that is useful for traders. It helps to identify potential price levels for entry and exit points for trades. The indicator works by plotting a series of round levels on a chart. These levels are based on the current market price and the user’s settings. The indicator is easy to use and can be adjusted to suit different trading strategies. It allows traders to set their own levels and customize the parameters such as the time frame and the number of levels. This makes it easy to create a trading strategy that is tailored to the user’s individual needs. The indicator is a useful tool for traders who are looking to identify potential entry and exit points for their trades.
MT4
Round Levels
The RoundLevels Indicator is a useful and popular free Forex indicator for MT4. It provides traders with a powerful tool to identify key levels in the market, helping them to make better trading decisions. The indicator works by automatically detecting and plotting support and resistance levels on the chart. By using this indicator, traders can gain an edge in their trading and increase their chances of success in the Forex markets.
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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.
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