The Fractal Levels Indicator is a useful tool for Forex traders who are looking for an easy to use and free indicator to help them with their trading strategies. This indicator is popular among traders because it is easy to use and understand, and it is also free. The Fractal Levels Indicator is available for the popular MT4 trading platform, making it easy to incorporate into your trading strategy. The Fractal Levels Indicator works by plotting fractal levels on your chart. Fractal levels are calculated by finding the highest high and the lowest low of a certain period of time. The indicator then plots these levels on the chart, allowing you to easily identify support and resistance levels. This makes it easier to identify potential entry and exit points for your trades. The Fractal Levels Indicator is also useful for identifying trends. By plotting the fractal levels on the chart, you can easily identify when a trend is beginning or ending. This can help you determine when to enter or exit a trade.
MT4
Fractal Levels
The Fractal Levels Indicator is a useful and popular free Forex indicator for MT4. The Fractal Levels Indicator works by identifying and plotting fractal levels on the chart. These fractal levels can then be used to identify potential support and resistance levels, as well as potential entry and exit points for trades. It is a great tool for traders looking to find more precise entry and exit points in the market, as well as to identify potential support and resistance levels.
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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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