The Pivot Custom 4 Time Frame Thin Lines Indicator is a free and popular Forex indicator for MT4. It is useful for traders who want to analyze the market’s price action and identify potential entry and exit points. The indicator plots thin lines on the chart that represent the pivot points for four different time frames. This makes it easy for traders to see the price action in the different time frames and identify potential trading opportunities. The indicator is easy to use and can be applied to any chart. It automatically plots the thin lines on the chart, showing the pivot points for the four different time frames. Traders can then use the lines to analyze the market’s price action and identify potential entry and exit points. The indicator also includes a customizable alert system, which can be used to notify traders when the price reaches a certain level. Overall, the Pivot Custom 4 Time Frame Thin Lines Indicator is a useful and popular Forex indicator for MT4. It can be used to analyze the market’s price action and identify potential entry and exit points. The indicator is free and easy to use, making it a great choice for traders who want to get an edge in the market.
MT4
Pivot Custom 4 Time Frame Thin Lines
The Pivot Custom 4 Time Frame Thin Lines Indicator is a useful and popular free Forex trading indicator for MetaTrader 4. This indicator draws four sets of thin lines on the chart to identify the four pivot points. It uses the previous day’s high, low, and close prices to calculate the pivot points for the current day. It can be used in conjunction with other indicators to create a comprehensive trading strategy.
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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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