The Fractals Price Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator helps traders identify potential reversal points in the market. The indicator works by plotting swing highs and swing lows on the chart, which can help traders spot key levels of support and resistance. To use the Fractals Price Indicator, simply add it to your chart and look for areas where fractals form above or below the price action. When a fractal forms above the price, it indicates a potential resistance level, while a fractal below the price indicates a potential support level. This indicator is free to use and can be a helpful addition to your trading strategy. Keep in mind that no indicator is perfect, so it’s important to use the Fractals Price Indicator in conjunction with other technical analysis tools to make informed trading decisions.
MT4
Fractals Price
Fractals Price Indicator is a useful forex indicator for MT4 that identifies potential reversal points in the market. It is popular among traders for its accuracy and ease of use. This free indicator works by plotting arrows on the chart to highlight high and low fractal points, indicating possible trend changes. Traders can use this information 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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