The Fractals Support Resistance MTF indicator is a useful and popular free Forex indicator that can be used with the MT4 trading platform. It provides traders with an easy way to identify support and resistance levels, which can be used in making trading decisions. The indicator works by plotting arrows on the chart, showing areas of potential support and resistance. The arrows are plotted based on the fractal nature of the market, which is where the price moves in a series of highs and lows. The indicator will plot arrows at the highs and lows, which can then be used to identify potential support and resistance levels. The indicator is easy to use, as it only requires the trader to adjust the parameters to suit their individual trading strategy. It can be used with any currency pair, and can be used on any time frame. It can also be used in combination with other indicators to help confirm entry and exit points.
MT4
Fractals Support Resistance
The Fractals Support Resistance MTF is a useful and popular free Forex indicator for the MT4 platform. The indicator can be adjusted to show the support and resistance levels in different timeframes, such as daily, weekly, and monthly. The indicator uses fractals to identify support and resistance levels, which are then plotted on the chart. It is a popular and free indicator for the MT4 platform and is a great tool for traders to identify potential trading opportunities.
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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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