The Pivot Point with Adjustable Closing Time Indicator is a highly useful forex indicator designed for the MT4 platform. It is popular among traders due to its accuracy in determining key levels of support and resistance. This indicator is completely free and can be easily installed on your trading terminal. The Indicator works by calculating pivot points based on the previous day’s high, low, and closing prices. It also takes into account an adjustable closing time, which allows you to customize the closing time according to your specific timezone or trading strategy. This feature makes it convenient for traders who operate in different timeframes. To use this indicator effectively, simply attach it to your MT4 chart, and it will automatically plot the pivot points on your screen. Traders can utilize these support and resistance levels to make informed decisions regarding entry and exit points, stop losses, and take profit levels. With its user-friendly interface and accurate calculations, the Pivot Point with Adjustable Closing Time Indicator is a valuable tool for forex traders looking to enhance their trading strategies and maximize profits.
MT4
Pivot Point With Adjustable Closing Time
Pivot Point with Adjustable Closing Time Indicator is a useful MT4 forex indicator that provides accurate support and resistance levels. This popular and free indicator calculates pivot points based on the closing time that can be easily adjusted as per the trader’s preference. It assists traders in identifying potential entry and exit points for trades. With its straightforward usability, this indicator proves to be a valuable tool for forex traders seeking reliable market analysis.
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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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