The Fractal Support Resistance Levels Indicator is a useful tool for forex traders using MT4. These levels are popular among traders as they can identify key price levels where the market is likely to reverse or consolidate. The indicator helps traders identify potential support and resistance levels based on fractal patterns in the market, making it easier to make informed trading decisions. The indicator is free to download and easy to use. Simply install it on your MT4 platform and it will automatically plot support and resistance levels on your chart. Traders can use these levels to set entry and exit points for their trades, as well as to place stop-loss and take-profit orders.Overall, the Fractal Support Resistance Levels Indicator is a valuable tool for forex traders looking to enhance their trading strategy.
MT4
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Fractal Support Resistance Levels
Fractal Support Resistance Levels Indicator is a useful forex indicator for MT4 that helps traders identify key support and resistance levels on their charts. This popular and free indicator works by plotting fractal points where price reversals are likely to occur, providing valuable entry and exit points for trades. Traders can use this indicator to enhance their technical analysis and make more informed trading decisions.
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Category: Support & Resistance
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Description
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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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