The TD Points Line Auto is a popular and free Forex indicator for the MT4 trading platform. It is useful for traders looking to identify potential trend reversals in the market. The indicator uses a combination of trend lines and support/resistance levels to generate buy and sell signals. The indicator works by drawing a line across the highs and lows of the price action. When the price action breaks through the line, it is a signal that the trend may be reversing. The indicator also uses support and resistance levels to identify potential reversal points. When the price action breaks through a support or resistance level, it is a signal that the trend may be reversing. The TD Points Line Auto indicator is easy to use and can be used on any time frame. It is a great tool for traders looking to identify potential trend reversals in the market. The indicator is free and can be downloaded from the MT4 trading platform. Once installed, it can be used to help traders identify potential reversal points in the market.
MT4
TD Points Line Auto
The TD Points Line Auto Forex indicator is a useful and popular free MT4 indicator that helps traders identify profitable market entry and exit points. It works by drawing a line connecting the highs and lows of each bar on the chart. This line is known as the TD Points Line and it is used to identify potential trend reversals.
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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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