The Round Price Two Color Indicator is a popular and free MT4 Forex indicator that is useful for traders of all levels. This indicator is based on the concept of round numbers and allows traders to identify potential support and resistance levels. It works by plotting two different colors on the chart, one for potential support levels and one for potential resistance levels. These colors are based on the current price and the round number levels. When the price is close to a round number, the indicator will plot a different color on the chart. This helps traders to quickly identify potential support and resistance levels and make informed trading decisions. The Round Price Two Color Indicator is easy to use and can be a great addition to any trader’s trading toolbox.
MT4
Round Price Two Color
This useful free Forex indicator is one of the most popular for MT4 users. The Round Price Two Color Indicator is a great tool for traders who want to know the current price of a currency pair in a simple and easy-to-understand format. The indicator also displays the current price as a number, which allows traders to easily compare the current price to previous prices. The Round Price Two Color Indicator is a great tool for traders who want to quickly and easily identify the current price of a currency pair.
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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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