Fractals are geometrical figures that repeat themselves at different scales, and in the context of trading, they can indicate significant price levels where the market may reverse. The Fractal Different Levels Indicator does this by highlighting fractal patterns at various price levels, making it easier for traders to spot potential entry and exit points. To use the indicator, simply add it to your MT4 platform and apply it to your chart. The indicator will then plot fractals at different levels, helping you identify key price points where the market may reverse. By incorporating the Fractal Different Levels Indicator into your trading strategy, you can improve your decision-making process and potentially increase your profitability in the forex market.
MT4
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Fractal Different Levels
Fractal Different Levels Indicator is a popular and useful forex indicator for the MT4 platform. It is known for its ability to identify key levels in the market. This free indicator works by detecting fractal patterns at various levels on the chart, providing traders with valuable insight into potential price movements. Traders can use this indicator to make more informed trading decisions.
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Category: Support & Resistance
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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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