The TZPivots Indicator is a popular and free forex indicator for the MetaTrader 4 (MT4) trading platform. It is a useful tool for traders who want to identify potential support and resistance levels on the chart. The indicator is based on the ZigZag indicator and uses the highs and lows of the ZigZag indicator to plot the pivot points on the chart. The indicator can be used to identify potential entry and exit points, as well as to identify potential trends in the market. The TZPivots indicator plots the pivot points on the chart by taking the highs and lows of the ZigZag indicator. The indicator uses the ZigZag indicator to identify the highs and lows of the price action and then plots the pivot points on the chart. The indicator also plots the support and resistance levels on the chart. The indicator is a great tool for traders who want to identify potential entry and exit points. The indicator is also useful for traders who want to identify potential trends in the market. The indicator is free to download and is available for the MetaTrader 4 trading platform.
MT4
TZpivots
The TZPivots Forex Indicator is a useful and popular MT4 indicator that is available for free. The indicator plots pivot points on the chart based on the high, low and close of the previous trading day. It is a great tool for any trader looking to make consistent profits 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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