The Premium Pivot Indicator is a useful tool for forex traders using the popular MT4 platform. This indicator helps traders identify key support and resistance levels based on pivot points, which can be crucial for making informed trading decisions. The indicator is designed to automatically calculate pivot points based on the previous day’s high, low, and close prices. Traders can use these pivot levels to set stop-loss orders, take-profit targets, and determine entry and exit points. One of the key features of this indicator is that it is free to use, making it accessible to traders of all levels. Additionally, the indicator is easy to install and customize, allowing traders to adjust the settings to suit their individual trading preferences. Overall, the Premium Pivot Indicator is a valuable tool for any forex trader looking to enhance their trading strategy.
MT4
Premium Pivot
Premium Pivot Indicator is a useful forex indicator for MT4 that can help traders make informed decisions. This popular indicator is free to use and provides valuable support and resistance levels. Traders can utilize the indicator to identify potential entry and exit points for their trades. By incorporating pivot points into their trading strategy, traders can increase their chances of success 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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