The IMA Fibs Above Indicator is a useful and popular free Forex trading tool for the MT4 platform. It is designed to help traders identify potential trading opportunities by providing key Fibonacci levels on the chart. It can be used to identify support and resistance levels, and to help traders identify possible entry and exit points. The indicator works by plotting Fibonacci levels on the chart. It plots the most important Fibonacci levels, such as the 23.6%, 38.2%, 50%, 61.8% and 78.6% retracement levels. It also plots the Fibonacci extension levels, such as the 127.2%, 161.8%, 200%, and 261.8%. The indicator is customizable, so traders can adjust the levels to suit their trading style. The indicator is easy to use and can be applied to any chart. Once the indicator is applied to the chart, traders can use the levels to identify potential entry and exit points. Traders can also use the indicator to identify potential support and resistance levels. This can help traders to make more informed trading decisions. This indicator can be a valuable tool for any trader looking to make more informed trading decisions.
MT4
IMA Fibs Above
The IMA FIBS Above Indicator is a free and popular Forex trading tool that is available for the MT4 trading platform. It plots the Fibonacci levels above and below the current price, allowing traders to spot potential support and resistance levels. The indicator can also be used to identify potential entry and exit points, allowing traders to make informed decisions regarding their trades.
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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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