The Live Charts Fib Pivots indicator is a useful tool for Forex traders who use the MetaTrader 4 platform. This popular free indicator helps traders identify potential support and resistance levels on the chart. The indicator automatically draws Fibonacci retracement and pivot points on the chart, allowing traders to quickly identify key levels. The Live Charts Fib Pivots indicator is easy to use and requires no manual input. Once the indicator is added to the chart, it will automatically draw the Fibonacci retracements and pivot points. The indicator can be customized to display Fibonacci retracements based on the high and low of the previous day, week, or month. The indicator also allows traders to customize the time frames used for the pivot points. By using the Fibonacci retracements and pivot points, traders can quickly identify key levels where the price may reverse.
MT4
Live Charts Fib Pivots
The Live Charts Fib Pivots indicator is a useful and popular free MT4 Forex indicator. It is designed to help traders identify the direction of the trend and potential entry and exit points. It is a great tool for traders who want to quickly identify trend direction and potential entry and exit points.
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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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