The Pinbar Detector Indicator is a useful and popular free Forex indicator for MT5. It is designed to detect pinbars (price action reversal patterns) in any currency pair and timeframe. It is a great tool for traders who are looking for an easy way to identify potential reversal points in the market. The Pinbar Detector Indicator works by scanning the chart for pinbars and displaying an arrow on the chart when one is found. The indicator also displays the entry price, stop loss, and take profit levels. This makes it easy to set up a trade quickly and accurately. It is a great tool for traders who are looking to take advantage of price action reversals and maximize their trading profits.
MT5
Pinbar Detector
The Pinbar Detector Indicator is a useful and popular free Forex indicator for MT5. It will then highlight any Pinbar patterns that are forming on the chart. It also features customizable settings that allow traders to adjust the sensitivity of the indicator, as well as the size of the Pinbar pattern that they are looking for.
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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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