The Urovny indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator helps traders identify key support and resistance levels in the market, allowing them to make more informed trading decisions. The Urovny indicator works by plotting horizontal lines on the chart to highlight these key levels, making it easy for traders to see where price may encounter obstacles or reverse direction. Traders can use these levels to set stop-loss orders, take-profit targets, or as entry and exit points for trades. To use the Urovny indicator, simply download and install it on your MT4 platform. Once applied to your chart, you can customize the settings to adjust the number of levels displayed and the colors of the lines. By incorporating the Urovny indicator into your trading strategy, you can improve your overall trading performance and increase your chances of success in the forex market.
MT4
Urovny Indicator
Urovny Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator helps traders identify key levels of support and resistance on their charts, allowing for more informed trading decisions. By using Urovny Indicator, traders can better understand market fluctuations and plan their trades accordingly.
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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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