Brooky Levels Indicator is a useful and popular Forex indicator for the MT4 platform. It is a free indicator that helps traders identify potential support and resistance levels. The Brooky Levels Indicator works by analyzing the price action of the currency pair and looking for potential areas of support and resistance. It then draws horizontal lines on the chart at these levels. These lines act as potential areas where the price could reverse. The indicator is easy to use and can be used by both novice and experienced traders alike. To use the indicator, simply add it to your chart and adjust the settings to fit your trading style. Once the indicator is added, it will automatically draw the support and resistance lines on the chart. Traders can then use these lines to identify potential entry and exit points. With the Brooky Levels Indicator, traders can identify potential areas of support and resistance and use them to their advantage.
MT4
Brooky Levels
The Brooky Levels Indicator for MT4 is a popular and free forex indicator that is useful for all levels of traders. This indicator is designed to detect support and resistance levels on the chart and display them as horizontal lines. It is a great tool for both beginners and experienced traders and is available for free on the MetaTrader 4 platform.
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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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