Psy Levels Button Indicator is a popular and useful forex indicator for MT4 that displays psychological levels on your charts. These levels are significant price points that can act as support or resistance levels in the market. This indicator is free to download and easy to use. Simply add it to your chart and it will automatically display the psychological levels, such as round numbers ending in 0s and 5s. These levels can help you identify potential entry and exit points for your trades. The Psy Levels Button Indicator is a helpful tool for both beginner and experienced traders. It can be used in conjunction with other technical analysis tools to make more informed trading decisions. Download this indicator today to enhance your forex trading strategy.
MT4
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PS Levels Button
The Psy Levels Button Indicator is a useful Forex indicator for MT4 that helps traders identify psychological price levels. This popular and free indicator displays key psychological levels on the chart, making it easier for traders to spot potential support and resistance levels. Simply download and install the indicator on your MT4 platform to start using it in your trading strategy.
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Category: Support & Resistance
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Description
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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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