The Pivot Mid Support Historical Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator helps traders determine support and resistance levels based on historical data, making it easier to make informed trading decisions. The best part is that it is completely free to download and use. The indicator works by calculating pivot points, which are levels at which the price trend is expected to change. The mid support level indicates a possible price reversal, making it a valuable tool for traders looking for entry and exit points. Traders can use this indicator to identify potential trading opportunities and manage risk more effectively. Overall, the Pivot Mid Support Historical Indicator is a useful addition to any forex trader’s toolbox, providing valuable insights into market movements and helping to improve trading strategies.
MT4
Pivot MID Support Historical
Pivot Mid Support Historical Indicator is a popular and useful forex indicator for MT4. It is free to use and provides historical pivot point levels for traders. This indicator helps users identify key support and resistance levels based on past price action, making it a valuable tool for making trading decisions. Simply download and install the indicator on your MT4 platform to start using it.
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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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