The Line Break Indicator is a useful and popular free Forex indicator for the MT4 platform. It is used to identify trend reversals and can be used by both novice and experienced traders. The indicator works by displaying a series of vertical lines on the chart which represent the highs and lows of the price action. When the lines break, it signals a potential reversal in the trend. The Line Break Indicator can be used to identify potential entries and exits in the market. It can be used to identify support and resistance levels as well as potential breakouts. The indicator is also useful for confirming trend reversals. By looking at the lines, traders can quickly identify when the trend is reversing and when it is continuing. It is a useful tool for identifying trend reversals and can be used to identify potential entry and exit points. It is a free indicator for the MT4 platform and is a popular choice among Forex traders.
MT4
Line Break
The Line Break Indicator is a popular and free Forex indicator for MT4 that is useful for traders who want to identify potential support and resistance levels. This indicator uses price action to create a series of vertical lines that represent the highs and lows of price movements over a given period of time. This indicator is easy to use and can be a valuable tool for traders looking to identify potential trade opportunities.
| Trading Style | , , |
|---|---|
| Indicator Type | |
| Timeframe | |
| Platform |
0
People watching this product now!
Downloads - 17
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
Trend Magic
The Trend Magic Indicator is a popular, free forex MT4 indicator that uses a combination of moving averages and filters to identify the trend direction and potential trade opportunities. The indicator appears as a line that changes color according to the current trend direction. The green color indicates a bullish trend, while the red color indicates a bearish trend. It is simple to use and can be a valuable tool for traders to identify potential entry and exit points in the market.
Exponential Moving Average
The EMA Indicator is a popular new forex tool for MT4 that is available for free download. It is a type of moving average that provides more weight to recent price changes, making it more responsive to current market conditions. The EMA indicator works by calculating the average price of an asset over a given period, with more emphasis placed on recent price action. This makes it a useful tool for traders looking to identify trends and changes in market direction.
FX Sniper
The FX Sniper indicator is a new and popular forex indicator available for free on the MT4 platform. It uses advanced algorithms to identify trends and potential trading opportunities. The indicator is easy to use and gives clear signals on when to buy or sell based on market conditions. The FX Sniper indicator is suitable for traders of all levels, from beginners to experienced traders who want to improve their trading performance and profitability.
Heikin Ashi Candle
The Heikin Ashi Candle Indicator is a new and popular forex indicator for MT4 that provides traders with a unique way to analyze price movements. It is designed to display candles on a chart in a way that filters out market noise and shows a clearer picture of the trend. The Heikin Ashi Candle indicator averages the open, close, high and low prices of each candle to create a smoother and more readable trend. This indicator is useful for traders of all skill levels as it simplifies the process of spotting trends and potential market reversals.
Reviews
There are no reviews yet.