PB Auto Pivots Indicator is a useful and popular free Forex indicator for MT4. This indicator automatically plots pivot points on the chart, providing traders with a great tool to identify support and resistance levels. The indicator takes into account the previous day’s high, low, and close prices to calculate the current day’s pivot points. Traders can use these pivot points to identify potential entry and exit points for their trades. In addition, the indicator can be used to identify potential trend reversals and breakouts. The indicator is easy to use and can be quickly added to any chart. Once added, traders can select the type of pivot points they want to display, such as Classic, Fibonacci, Camarilla, or Woodie. Traders can also customize the look of the indicator, such as the color and line style. With its easy-to-use interface and customizable options, PB Auto Pivots Indicator is a great tool for any trader.
MT4
PB Auto Pivots
The PB Auto Pivots Indicator is a free and popular Forex indicator for MT4 that is useful for traders of all levels. It automatically plots pivot points on a chart, making it easier to identify support and resistance levels. It also identifies the midpoint between the high and low of the previous session, which can be used as a reference point for entering and exiting trades. The PB Auto Pivots Indicator is a great tool for traders looking for an easy way to identify important price levels in the Forex market.
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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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