The new Double Top/Bottom Pattern Indicator for MT4 is a useful tool for forex traders looking to identify potential reversal points in the market. This popular indicator is free to download and easy to use on the MetaTrader 4 platform. The indicator works by automatically detecting double top and bottom patterns on your chart, giving you a visual signal when a potential reversal may be imminent. Traders can use this information to make informed decisions about their trades, including setting stop-loss and take-profit levels. To use the Double Top/Bottom Pattern Indicator, simply download it to your MT4 platform and apply it to your chart. The indicator will then start identifying double top and bottom patterns for you, making it easier to spot potential trading opportunities in the forex market.
MT4
New Double Top Bottom Pattern
New Double Top Bottom Pattern Indicator for MT4 is a popular and useful forex indicator that is available for free. This indicator identifies potential double top and bottom patterns on the chart, helping traders to make informed decisions. By recognizing these patterns, traders can anticipate market reversals and plan their trading strategies accordingly. Try out this indicator to enhance your forex trading experience.
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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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