The Fractals Adjustable Period indicator for MT4 is a popular and useful tool for forex traders. This free indicator helps traders identify potential trend reversal points on the price chart. Fractals are formed when there is a series of at least five successive bars with the highest high in the middle and two lower highs on each side. This indicator calculates fractals based on a user-adjustable period, allowing traders to customize the indicator to their preferred time frame. To use the Fractals Adjustable Period indicator, simply add it to your MT4 chart and adjust the period setting to analyze different time frames. When a fractal pattern forms, it can indicate a potential trend reversal, giving traders a valuable signal to consider in their trading decisions. Overall, the Fractals Adjustable Period indicator is a powerful tool for forex traders looking to identify key turning points in the market.
MT4
Fractals Adjustable Period
Fractals Adjustable Period Indicator MT4 is a useful forex indicator for MetaTrader 4. This popular indicator is free to use and helps traders identify potential reversal points in the market. By adjusting the period parameter, users can customize the indicator to their trading strategy. Fractals work by highlighting key price levels where the market may reverse direction.
Indicator Type | |
---|---|
Trading Style | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Signal
Downloads - 12
Description
Reviews (0)
Be the first to review “Fractals Adjustable Period” 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
RSI Divergence
Enhance trading precision with the RSI Divergence indicator. Overcome signal challenges by leveraging divergence signals, which is vital for identifying potential market reversals. Customize settings, draw trendlines, and receive alerts for good trading decisions. Explore the power of the RSI Divergence indicator in assessing market conditions.
Darvas Boxes nmc
The Darvas Boxes NMC Indicator is a nice and free Forex trading tool available for MT4 platforms. It is based on the Darvas box trading method, which involves identifying trends through the creation of boxes on a price chart. The indicator helps traders visualize key support and resistance levels and potential trend reversals. The Darvas Boxes NMC Indicator provides clear buy and sell signals through color changes and arrows, allowing traders to make informed trading decisions. Its user-friendly interface and customizable settings make it suitable for both novice and experienced traders.
PZ ABCD Retracement
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
MACD Crossover Arrows & Alert
The MACD Crossover Arrows Alert indicator is a useful and free forex indicator for the MT4 trading platform. This indicator is designed to detect and signal bullish and bearish moving average convergence-divergence (MACD) indicator crossover signals. It draws arrows on the chart to indicate the direction of the trend, making it easier for traders to identify trading opportunities. The MACD Crossover Arrows Alert indicator is a popular and free tool for Forex traders of all skill levels.
Reviews
There are no reviews yet.