The Ross Hooks and 1-2-3 Formations Forex indicator is a popular and useful indicator for traders who use the MT4 platform. It is a free indicator that is designed to help traders identify profitable trading opportunities in the Forex market. The indicator works by plotting reversal points on the chart which can be used to identify potential entry and exit points. It also helps traders identify potential support and resistance levels. This indicator is based on the Ross Hook and 1-2-3 Formations trading strategies. The Ross Hook is a price pattern that is formed when a price action reverses from an extreme high or low. The 1-2-3 Formation is a price pattern that is formed when a price action moves in a three-step pattern. Both of these patterns are useful for identifying potential entry and exit points in the Forex market. The indicator works by plotting reversal points on the chart which can be used to identify potential entry and exit points. It can also be used to spot potential support and resistance levels and to identify potential price reversals.
Ross Hooks And 1 2 3 Formations
The Ross Hooks & 1-2-3 Formations Forex Indicator is a useful and popular tool for MT4 traders. The indicator displays two lines of support and resistance, which helps to determine the point of entry and exit. With the Ross Hooks & 1-2-3 Formations Forex Indicator, traders can more accurately identify and trade the 1-2-3 formation, which is a powerful reversal pattern.
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Category: Price Action
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.