The Auto Pivot indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders quickly identify and assess important support and resistance levels. The indicator automatically calculates and displays pivot points, mid-pivot points, and Fibonacci levels for the current day, previous day, and previous week. The Auto Pivot indicator is easy to use and can help traders make better trading decisions. To use the indicator, first add it to your MT4 chart. Then, select the time frame you want to view, such as the current day or previous week. The indicator will automatically calculate and display the pivot points, mid-pivot points, and Fibonacci levels for the chosen time frame. Overall, the Auto Pivot indicator is a useful and popular free Forex indicator for MT4.
MT4
Auto Pivot
The Auto Pivot Indicator is a popular and useful free Forex indicator for the MT4 trading platform. It automatically plots the daily, weekly and monthly pivot points on the chart, making it easier for traders to identify and track key support and resistance levels. The Auto Pivot Indicator is easy to install and use, making it a great choice for traders of all levels.
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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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