Fractals Paint Indicator is a useful forex indicator that is compatible with the popular MT4 platform. This indicator is commonly used by traders to identify potential reversal points in the market. The indicator works by displaying fractal arrow patterns on the price chart, indicating possible turning points in the market. Traders can use the Fractals Paint Indicator as a tool to help them make more informed trading decisions. By paying attention to the fractal patterns, traders can identify key levels of support and resistance. Additionally, traders can use the indicator to set stop-loss and take-profit levels based on the fractal signals. Best of all, the Fractals Paint Indicator is available for free, making it a popular choice among forex traders. Whether you are a beginner or experienced trader, this indicator can be a valuable addition to your trading toolkit.
MT4
Fractals Paint
Fractals Paint Indicator is a useful forex indicator available for free on MT4. This popular indicator helps traders identify potential reversal points in the market by marking the high and low points on a price chart. Traders can use this indicator to make informed decisions based on market trends and patterns.
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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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