The Fractals Trend Indicator is a popular and useful free Forex indicator for the MetaTrader 4 (MT4) trading platform. It is designed to help traders identify entry and exit points for their trades. The indicator works by plotting a series of fractals on the chart, each of which is based on the price action of the period in which it appears. The Fractals Trend Indicator can be used to identify both short-term and long-term trends. When a fractal appears in a given period, it indicates that the price action has reached a peak or trough and is likely to reverse direction. This can be used to identify potential entry and exit points for a trade. The indicator also plots a line connecting the highs and lows of the fractals, which can be used to identify potential trend lines. The indicator is also easy to use and can be applied to any timeframe. It is a great tool for both experienced and novice traders alike.
MT4
Fractals Trend
The Fractals Trend Indicator is a useful and popular MT4 forex indicator that is completely free to use. The indicator works by plotting a line on the chart when a fractal is identified. A fractal is a series of at least five consecutive bars, with the highest high in the middle and two lower highs on either side. When the price breaks above or below the fractal line, it is an indication of a potential trend reversal. It can also be used to identify potential support and resistance levels, and to help traders make better 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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