The FatL+Back Indicator is a useful and popular free tool for Forex traders. It is a MetaTrader 4 (MT4) indicator that works on any Forex pair, and can be used for both manual and automated trading. The indicator is designed to help traders identify potential entry and exit points in the Forex market. It does this by combining two powerful indicators: the FatL indicator and the Back indicator. The FatL indicator is used to identify short-term trends in the market. It looks at price action and momentum to identify potential entry and exit points. The Back indicator is used to identify longer-term trends in the market. It looks at price action and momentum to identify potential entry and exit points. By combining these two indicators, the FatL+Back Indicator provides traders with a comprehensive view of the market, allowing them to make more informed trading decisions. The FatL+Back Indicator is a powerful and useful tool for Forex traders. It is free to use and can be quickly set up on any MT4 platform. It combines two powerful indicators to provide traders with a comprehensive view of the market, allowing them to make more informed trading decisions.
MT4
Fatl Plusback
The FATL PlusBack Indicator is a free and popular MT4 Forex indicator that is useful for traders of all levels. It does this by tracking the highs and lows of the past few bars, as well as the current bar, and then using this information to determine the trend direction. The indicator also provides visual signals in the form of arrows, which can be used to identify potential entry and exit points. The indicator is easy to use and understand, and can be used to help traders make more informed decisions about when to enter and exit trades.
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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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