The Point Figure V1.2 Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is used to identify market trends and to predict future price movements. It uses the Point and Figure charting technique to display the price movements of a currency pair in an easy to read and interpret format. The Point Figure V1.2 Indicator is designed to provide traders with an efficient way to identify and analyze market trends. The indicator uses a special algorithm to analyze the market and identify potential entry and exit points. It displays the price movements in a graphical format which is easy to interpret and understand. The indicator also provides traders with an alert system which can be used to alert traders when a certain price level is reached. The Point Figure V1.2 Indicator is a great tool for both experienced and novice traders. It is easy to use and provides traders with accurate and reliable information. The indicator is also free to download and use, making it an ideal choice for traders who are just starting out.
MT4
Point Figure V1.2
The Point & Figure v1.2 Indicator is a popular and useful free Forex indicator for MT4 trading platforms. This indicator uses a special charting technique to help traders analyze price movements and identify potential reversal points. It is a great tool for traders who want to get an edge in the Forex market. This makes the Point & Figure v1.2 Indicator a versatile and powerful tool for traders of all levels. With the Point & Figure v1.2 Indicator, traders can easily identify trends, reversals, and support and resistance levels. It is a great tool for identifying potential entry and exit points 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.
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