The Swing Point High Low Indicator for MT4 is a popular and useful forex indicator that helps traders identify significant swing points in the market. This free indicator can be easily downloaded and installed on your MT4 platform, making it accessible to all types of traders. This indicator works by plotting the high and low points of the swings in the market, helping traders to identify potential trend reversals or continuations. By using the Swing Point High Low Indicator, traders can make more informed trading decisions and improve their overall profitability in the forex market. To use this indicator, simply add it to your chart and observe the plotted swing points. Pay attention to how price reacts around these points, as they can signal important levels of support and resistance. By incorporating this indicator into your trading strategy, you can enhance your trading performance and maximize your profits in the forex market.
MT4
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Swing Point High Low
Swing Point High Low Indicator for MT4 is a useful forex indicator that is popular among traders. It is free to use and helps identify swing points in the market. This indicator works by highlighting significant high and low points on the chart, allowing traders to make informed decisions on their trades. It is a valuable tool for technical analysis in forex trading.
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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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