The All Pivot Points Forex Indicator is a free and popular MT4 indicator that is useful for traders of all levels. It helps traders identify key support and resistance levels based on the previous day’s trading range. The indicator is based on the calculation of the pivot points, which are calculated using the high, low, and close prices from the previous day. Once the pivot points are calculated, the indicator plots the support and resistance levels on the chart. The All Pivot Points Forex Indicator is easy to use and can help traders identify potential entry and exit points. It can be used to identify potential reversals and breakouts. When the price is close to a pivot point, traders can look to enter a trade in the direction of the break. For example, if the price is close to a support level and then breaks above it, traders can look to enter a long position. Similarly, if the price is close to a resistance level and then breaks below it, traders can look to enter a short position. It can be used to identify potential reversals and breakouts, and it can help traders make informed trading decisions.
MT4
All Pivot Points
This free Forex indicator is a useful tool for all traders. It is especially popular among traders of the MT4 platform. The indicator plots all the standard pivot points on the chart, including the daily, weekly, and monthly pivots. It is a great tool for traders who want to quickly identify the most important levels in the 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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