The Fractal Dimensions Indicator (FDI) is a popular and useful forex indicator available for free on the MT4 platform. This indicator uses fractal geometry to analyze market trends and identify potential reversal points. The FDI works by measuring the rate of change of a price series, which can help traders identify areas of high volatility and potential price movements. It can be used to confirm trends, spot potential entry and exit points, and predict market reversals. To use the FDI, simply add it to your MT4 platform and apply it to your chart. The indicator will then display visual cues such as trend lines and arrows to help you make informed trading decisions. Whether you are a beginner or experienced trader, the FDI can be a valuable tool in your forex trading arsenal.
MT4
Fractal Dimensions FDI
Fractal Dimensions FDI indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator works by measuring the fractal dimension of price movements in the market, providing traders with valuable insights into market trends and potential reversals. Traders can use the Fractal Dimensions FDI indicator to make informed trading decisions based on the analysis of fractal patterns.
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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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