The Pivot Mostashar Indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator uses a unique calculation method to accurately identify the most important daily support and resistance levels. The indicator plots the most important pivot levels on the chart, including the daily pivot point, three support levels (S1, S2, S3) and three resistance levels (R1, R2, R3). The Pivot Mostashar Indicator is a very useful tool for traders who want to identify the most important support and resistance levels for any given trading day. The indicator can be used to help identify potential entry and exit points for trades, as well as to identify possible areas of price reversals. The indicator is easy to use and can be added to any chart in the MT4 platform with just a few clicks. The indicator is easy to use and can be added to any chart in the MT4 platform with just a few clicks. It is also customizable, allowing traders to adjust the settings to suit their own trading style.
The Pivot Mostashar indicator is a popular and free Forex indicator for MT4. It then plots these pivot points on the chart, along with the support and resistance levels. The Pivot Mostashar indicator is a great tool for traders looking to maximize their profits and minimize their risk.
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Category: Support & Resistance
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.