Fractals Adjustable Trend Lines is a popular and useful forex indicator for MetaTrader 4 (MT4) that allows traders to effectively analyze market trends. This indicator automatically plots trend lines based on fractal highs and lows, making it easy to identify key levels of support and resistance. By utilizing multiple time frames (MTF), traders can get a comprehensive view of the market trends and make more informed trading decisions. The indicator is free to download and easy to use, making it a valuable tool for both beginner and experienced forex traders. To use Fractals Adjustable Trend Lines, simply add it to your MT4 platform and adjust the settings to customize the trend lines to your trading style. This indicator can help you spot potential entry and exit points, as well as identify trend reversals for more profitable trades in the forex market.
MT4
Fractals Adjustable Trend Lines
Fractals Adjustable Trend Lines MTF is a useful forex indicator for MT4 that is popular among traders. It is free to use and helps identify key support and resistance levels. The indicator works by plotting trend lines based on fractal points, providing valuable insights into market trends. Traders can use this indicator to make informed trading decisions.
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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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