The Sharp Auto Pivot Indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator helps traders identify key support and resistance levels based on pivot points, making it easier to make informed trading decisions. The way the Sharp Auto Pivot Indicator works is by automatically calculating pivot points based on the previous day’s price movement. These pivot points are crucial in determining potential reversal levels and areas of price breakouts. To use the Sharp Auto Pivot Indicator, simply add it to your MT4 platform and adjust the settings to suit your trading style. The indicator will then display the pivot points on your chart, allowing you to easily spot opportunities for entry and exit. Overall, this indicator can be a valuable tool for forex traders looking to enhance their technical analysis capabilities.
MT4
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Sharp Auto Pivot
The Sharp Auto Pivot Indicator is a popular and useful free Forex indicator for MT4 traders. This indicator automatically calculates pivot points to help traders identify potential support and resistance levels. Simply add the indicator to your chart and adjust the settings to customize the pivot points to fit your trading strategy. Use this powerful tool to enhance your trading analysis.
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Category: Support & Resistance
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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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