The Pivot Multi Time Indicator is a popular and highly useful tool for forex traders using the MT4 platform. This free indicator helps traders to identify key support and resistance levels in the forex market, allowing for more precise entries and exits in their trades. With the Pivot Multi Time Indicator, traders can easily observe pivot points calculated on various timeframes, including daily, weekly, and monthly. These pivot points act as significant levels where currency prices are likely to experience a reversal or a breakout. By analyzing the pivot levels, traders can make informed decisions on when to buy or sell currencies. In summary, the Pivot Multi Time Indicator is a popular and free forex indicator that provides traders with valuable information on key support and resistance levels. By incorporating pivot points into their trading strategies, traders can optimize their entries and exits, leading to more profitable forex trading experiences.
MT4
Pivot Multi Time
Pivot Multi Time Indicator is a popular and useful Forex indicator for MT4 that offers free access. It provides traders with valuable data on pivot points across different timeframes, helping them make well-informed trading decisions. With its easy-to-use interface, it is an essential tool for any forex trader seeking improved technical analysis capabilities.
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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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