The Up Down Resistance Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is designed to identify support and resistance levels so that traders can easily see where price action is likely to reverse. The indicator looks for price action that is close to strong levels of support and resistance, and then displays them on the chart. It is a great tool for both swing and day traders, as it can help them identify key levels of support and resistance. The indicator works by analyzing the price action of a currency pair and then displaying the levels of support and resistance on the chart. It does this by looking for price levels that have been tested multiple times, and then plotting them on the chart. This allows traders to quickly identify levels that have been tested multiple times, and therefore are likely to hold. Traders can then use these levels to enter and exit trades, or to set stop losses and take profits. Overall, the Up Down Resistance Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is easy to use and can help traders quickly identify key levels of support and resistance. By using this indicator, traders can identify potential entry and exit points, and set stop losses and take profits.
MT4
UP Down Resistance
The Up Down Resistance Indicator is a useful and popular Forex indicator for the MT4 platform. It is free and easy to use, and it helps traders identify the current trend in the market. This indicator can be used to identify support and resistance levels, as well as to spot potential reversals in the trend. This indicator is a great tool for traders who are looking to capitalize on the current trend in the 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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