The Critical Points Indicator is a useful forex indicator for the extremely popular trading platform, MT4. This indicator provides traders with valuable insights by identifying critical price levels where the market is likely to change direction. With its accurate calculations, traders can make more informed decisions and apply effective trading strategies. Free of charge, the Critical Points Indicator is widely used by forex enthusiasts. Its simple yet powerful design enables traders to easily interpret the indicator’s signals. By plotting prominent support and resistance levels on a chart, traders can identify potential entry and exit points in their trades. With the Critical Points Indicator, traders can enhance their forex trading experience, increasing the chances of successful trades. Its user-friendly nature makes it suitable for both beginner and experienced traders seeking to improve their trading strategies.
MT4
Critical Points
The Critical Points Indicator is a useful and popular forex indicator for MT4. This free indicator helps traders identify critical points in the forex market, allowing them to make informed trading decisions. By highlighting key levels of support and resistance, this indicator can assist traders in finding potential entry and exit points. Understanding how to use and interpret these critical points can greatly enhance one’s forex trading strategies.
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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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