Fractal I-Levels Indicator is a useful and popular Forex indicator for MetaTrader 4 (MT4) trading platform. It is a free indicator that helps traders identify fractal patterns in the market and determine potential entry and exit points. The indicator plots two lines, one representing the fractal high and the other representing the fractal low. These lines are used to identify the support and resistance levels of the market. The Fractal I-Levels Indicator is a great tool for traders who are looking for an edge in the market. It can be used to identify potential entry and exit points in the market. The indicator also helps traders to identify potential reversals in the market. By using the indicator, traders can easily identify when the market is overbought or oversold and take advantage of these conditions. With this indicator, traders can easily identify potential entry and exit points in the market and take advantage of these conditions.
MT4
Fractal I Levels
The Fractal I-Levels indicator is a useful and popular free Forex indicator available for the MT4 trading platform. The indicator uses fractal geometry to calculate the support and resistance levels, which are then displayed as horizontal lines on the chart. The Fractal I-Levels indicator is a great tool for traders of all levels of experience and is an easy way to help improve your trading results.
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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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