The Pivot Custom Time Forex Indicator is a useful and popular MT4 tool that helps traders identify key support and resistance levels on any given timeframe. This free indicator can be used to determine price levels at which the market is likely to reverse or continue its current trend. It is based on the widely used pivot point calculation which helps traders identify key levels of support and resistance. The Pivot Custom Time indicator works by plotting the daily pivot points on the chart. These points are calculated using the previous day’s high, low and close prices. The indicator then plots the support and resistance levels for the current day based on these points. Traders can then use these points to identify potential entry and exit points for their trades. The Pivot Custom Time indicator is a great tool for any trader looking to identify potential trading opportunities. It can be used to identify potential entry and exit points, as well as potential areas of support and resistance. The indicator is easy to use and is a popular choice among many traders. It is a great tool for any trader looking to maximize their potential profits.
MT4
Pivot Custom Time
The Pivot Custom Time Indicator is a powerful and useful Forex indicator for the MT4 platform. It is popular among traders due to its ability to accurately calculate and display pivot points for any given timeframe. The indicator works by plotting pivot points on the chart, which can be used to identify potential support and resistance levels. With its easy to use interface and accurate calculations, the Pivot Custom Time Indicator is a must-have tool for any Forex trader.
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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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