The Channels Fibo AD indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator combines the concepts of Fibonacci retracements and price channels to help traders identify potential support and resistance levels in the market. The indicator works by plotting Fibonacci levels within a price channel, allowing traders to see where price may potentially reverse or continue its current trend. Traders can use this information to make more informed trading decisions and set appropriate stop-loss and take-profit levels. To use the Channels Fibo AD indicator, simply add it to your MT4 chart and adjust the settings to fit your trading style. Look for potential reversal points at the Fibonacci levels within the price channel, and use this information to plan your trades accordingly. This indicator can be a valuable tool for traders looking to enhance their technical analysis skills in the forex market.
MT4
Channels Fibo AD
Channels FIBO AD Indicator is a popular and useful forex indicator for MT4 that uses Fibonacci levels to determine potential support and resistance levels. This free indicator helps traders identify entry and exit points for profitable trades. By drawing channels based on Fibonacci levels, traders can better understand market trends and make informed trading decisions.
| Indicator Type | |
|---|---|
| Trading Style | , |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 8
Description
Reviews (0)
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
Daily HL
The Daily High Low Indicator is a popular and free Forex indicator for MT4 platform. This useful tool provides traders with a clear view of the daily high and low prices of the currency pair they are trading. The indicator is easy to install and use, and it can be used on any currency pair. It is also highly customizable, allowing traders to adjust the display of the indicator to their own preferences. The indicator provides an accurate view of the daily high and low prices, allowing traders to determine the best entry and exit points for their trades.
WATR Indicator
The WATR forex indicator is a popular and free MT4 indicator used by many traders. It can be used to identify trends, support and resistance levels, and other market conditions. It also offers a variety of features such as customizable alert settings, trend lines, and a wide range of indicators. It is also useful for scalping and day trading. The indicator is free to use and is popular among traders due to its accuracy and reliability.
MA Rainbow
The MA Rainbow Forex Indicator is a free and popular MT4 indicator that is useful for Forex traders. It works by combining multiple Moving Averages (MA) with different time periods and colors to detect the trend. It can be used to identify reversals and support/resistance levels. The indicator is easy to use and can be used on any currency pair. It is also available for free, making it one of the most popular and widely used indicators among Forex traders.
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.
Envelopes Indicator
The Envelopes Indicator is a popular and useful tool for Forex traders. It is free to use and available for MT4 platforms. The indicator helps traders identify potential buy and sell signals in the market by plotting two bands around the price action. The bands are calculated by taking a moving average of the price and then adding and subtracting a percentage of that average. The Envelopes Indicator is a great tool for Forex traders looking for an easy way to identify potential trading opportunities.
Raff Channel
The Raff Channel Indicator is a useful and popular free Forex indicator for MT4. It is designed to help traders identify and take advantage of trends in the market. The indicator works by plotting two parallel lines on a chart, one above the other. These lines represent the upper and lower boundaries of the current price trend. The Raff Channel Indicator is easy to set up and use, making it a popular choice for traders of all levels.
Bollinger Bands
The Bollinger Bands Indicator is a popular and useful Forex indicator for MT4 traders. It is a free indicator that helps traders to identify potential market entry and exit points. This indicator uses a combination of three moving averages to create upper and lower bands that can be used to identify price movements and trends. The bands are adjusted according to the market volatility and can be used to identify overbought and oversold conditions. The indicator is easy to use, and traders can customize the settings to suit their trading style. This indicator is a great tool for any trader looking to gain an edge in the Forex market.
Reviews
There are no reviews yet.