The Intraday Fibonacci Indicator for MT4 is a useful and popular free Forex indicator that helps traders identify key Fibonacci retracement levels throughout the day. The indicator is designed to work on the MetaTrader 4 platform, which is one of the most popular trading platforms in the industry. The Intraday Fibonacci Indicator works by automatically calculating the key Fibonacci retracement levels for the day based on the highs and lows of the previous day’s trading session. These levels are then plotted on the chart in the form of horizontal lines. Traders can use these levels to identify potential areas of support and resistance. For example, if the price of a currency pair is approaching a Fibonacci retracement level, it may be a good time to enter a buy or sell trade. With its easy setup and customization, it is a great way to identify potential trading opportunities throughout the day.
MT4
I Intraday Fibonacci
This Free Intraday Forex Indicator for MT4 is a useful tool for traders who want to maximize their profits in the Forex market. The indicator uses Fibonacci levels to determine when the market is overbought or oversold. It also helps to identify when the market is in a range-bound state. It is a great tool for traders who want to make the most out of their trading experience.
| Trading Style | |
|---|---|
| Indicator Type | |
| Timeframe | |
| Platform |
0
People watching this product now!
Downloads - 9
Description
Reviews (0)
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.
Related products
SupDem
The SupDem indicator is a new and popular Forex trading tool that is available for free on MT4. It is designed to determine support and resistance levels by analyzing the supply and demand zones on the chart. The indicator uses color-coded columns to highlight areas of strong support and resistance, allowing traders to easily identify potential trading opportunities. By accurately analyzing supply and demand zones, the SupDem indicator can help traders make more informed trading decisions.
Breakout Trading
The Breakout Trading Indicator is a powerful MT4 tool designed for forex traders who want to catch breakouts in their trading strategy. The indicator scans for potential breakouts and alerts traders when a potential breakout is detected, making it easy to spot profitable trading opportunities. With an advanced algorithm, the indicator identifies key support and resistance levels, helping traders better understand market trends and make informed trading decisions.
Average Daily Range
The ADR HighLow indicator is a new and popular forex indicator that traders can use for free on the MT4 platform. This indicator measures the average daily range (ADR) of a currency pair and displays the high and low of the day, and is also a great tool for setting stop loss and take profit levels. Use the best ADR indicator to identify potential support and resistance levels and use their trading strategy successfully.
FX5 MACD Divergence
The MACD FX5 Divergence Indicator is a new and popular forex indicator that runs on the MT4 platform. This is a free indicator that traders can use to identify potential trend reversals and momentum shifts. The indicator is based on the Moving Average Convergence-Divergence (MACD) indicator, which measures the distance between two moving averages. It analyzes the divergence between the MACD indicator and price action and then generates buy or sell signals. Use this indicator to better understand market trends and take advantage of potential profit opportunities.
Fibonacci Pivots
The Fibonacci Pivots Indicator is a powerful MT4 tool for Forex traders looking to predict key levels of support and resistance.Using the Fibonacci sequence, the indicator calculates the pivot levels and displays them on the chart, making it easy to identify potential entry and exit points. The Fibonacci Pivots Indicator works best in trending markets and can be used on multiple timeframes, making it suitable for both short-term and long-term traders. With its clear and easy-to-use interface, this indicator is a valuable addition to any trader's toolbox.
Reviews
There are no reviews yet.