The Fractals Reversal Candle Forex indicator is a popular and useful tool for traders in the forex market. This indicator is free to use and is available for MT4 trading platforms. It is used to identify reversal points in the market and can be used in any currency pair. The indicator works by detecting fractal patterns in the chart. A fractal pattern is a repeating pattern in the market that can indicate a potential reversal point. This indicator looks for these patterns and then signals a potential reversal point. It can be used to identify entry and exit points in the market. The indicator is easy to use and can be adjusted to suit the trader’s needs. It is customizable and can be used with any time frame. It is especially useful for traders who want to take advantage of short-term reversals in the market. The indicator works by detecting fractal patterns in the chart and is customizable to suit the trader’s needs. It is especially useful for traders who want to take advantage of short-term reversals in the market.
MT4
Fractals Reversal Candle
The Fractal Reversal Candle is a useful Forex indicator for the popular MT4 trading platform. The indicator is based on fractals, which are geometric shapes that are formed by repeating patterns.The indicator works by looking at the highs and lows of the price action and then plotting a fractal line when a reversal is detected.
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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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