ChannelsFIBO MTF is a useful forex indicator for MT4 that is popular among traders for its accuracy in identifying price channels based on Fibonacci levels. This free indicator can be used on multiple timeframes, making it versatile for traders of all experience levels. The ChannelsFIBO MTF indicator works by plotting Fibonacci retracement levels on the chart, allowing traders to easily identify support and resistance levels. By understanding these levels, traders can make more informed trading decisions and potentially increase their profits. To use the ChannelsFIBO MTF indicator, simply install it on your MT4 platform and adjust the settings to suit your trading style. Once applied to the chart, you can easily spot potential price channels and make trading decisions based on the information provided by the indicator. Overall, ChannelsFIBO MTF is a valuable tool for any forex trader looking to improve their trading strategy.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Channelsfibo-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Channelsfibo-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Channelsfibo-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Channelsfibo-screenshot-3-230x144.png)
Channels Fibo MTF
ChannelsFibo MTF is a popular and useful forex indicator for MT4 that provides traders with valuable insights into market trends. This free indicator utilizes Fibonacci levels to identify key support and resistance levels within price channels, allowing traders to make more informed trading decisions. By analyzing multiple timeframes, ChannelsFibo MTF helps traders identify potential entry and exit points with greater accuracy.
Indicator Type | |
---|---|
Trading Style | , , |
Timeframe | |
Platform |
0
People watching this product now!
Category: Trend
Downloads - 17
Description
Reviews (0)
Be the first to review “Channels Fibo MTF” Cancel reply
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.
Related products
TMA Centered Bands
The TMA Centered Bands indicator is a powerful forex indicator available for the MT4 platform. This indicator was created for the MT4 platform and helps traders identify trends, support and resistance levels. The TMA Centered Bands indicator works by using a centered TMA (triangular moving average) to create a set of bands around the price. With a simple yet effective design, the TMA Centered Bands indicator is a valuable tool for any forex trader looking to improve their trading strategy.
Trend Magic
The Trend Magic Indicator is a popular, free forex MT4 indicator that uses a combination of moving averages and filters to identify the trend direction and potential trade opportunities. The indicator appears as a line that changes color according to the current trend direction. The green color indicates a bullish trend, while the red color indicates a bearish trend. It is simple to use and can be a valuable tool for traders to identify potential entry and exit points in the market.
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
Reviews
There are no reviews yet.