The Fractals Adjustable Period indicator for MT4 is a popular and useful tool for forex traders. This free indicator helps traders identify potential trend reversal points on the price chart. Fractals are formed when there is a series of at least five successive bars with the highest high in the middle and two lower highs on each side. This indicator calculates fractals based on a user-adjustable period, allowing traders to customize the indicator to their preferred time frame. To use the Fractals Adjustable Period indicator, simply add it to your MT4 chart and adjust the period setting to analyze different time frames. When a fractal pattern forms, it can indicate a potential trend reversal, giving traders a valuable signal to consider in their trading decisions. Overall, the Fractals Adjustable Period indicator is a powerful tool for forex traders looking to identify key turning points in the market.
MT4
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Fractals Adjustable Period
Fractals Adjustable Period Indicator MT4 is a useful forex indicator for MetaTrader 4. This popular indicator is free to use and helps traders identify potential reversal points in the market. By adjusting the period parameter, users can customize the indicator to their trading strategy. Fractals work by highlighting key price levels where the market may reverse direction.
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Category: Signal
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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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