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Home Collection Support & Resistance Quarters Theory
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Quarters Theory

The Quarters Theory Indicator is a free and popular MT4 Forex indicator that is useful for traders of all experience levels. This indicator is based on the Quarters Theory, which is a trading system developed by Jack F. Cahn. The indicator also provides traders with a range of signals to help them make informed trading decisions. The Quarters Theory Indicator is easy to install and use on MT4 and is a great tool for traders looking to take advantage of the Quarters Theory.

Trading Style

Swing

Indicator Type

Breakout

Timeframe

D1-W1

,

H1-H4

Platform

MT4

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Description

In the captivating world of forex trading, where market cycles and patterns hold the key to unlocking consistent profits, the Quarters Theory Indicator stands out as a powerful and free tool for MT4 traders. This innovative indicator offers a unique perspective on the market’s rhythmic movements, empowering traders to navigate the ever-changing tides with precision and confidence.

Features of the Indicator

The Quarters Theory Indicator is built upon the premise that the market moves in four distinct quarters, or cycles, each with its own unique characteristics. By identifying the start and end of these cycles, the indicator provides traders with a roadmap to anticipate and capitalize on potential price movements.

The indicator displays a series of horizontal lines, color-coded to represent the different phases of the market cycle. This color-coded design allows traders to easily identify the different phases of the market cycle, shedding light on potential support and resistance levels.

How the Indicator Can Benefit You

Integrating the Quarters Theory Indicator into your trading strategy can be a game-changer. By understanding the cyclical nature of the market, you can time your buy and sell orders more effectively, identifying potential entry and exit points with greater accuracy.

The indicator’s ability to highlight support and resistance levels further enhances your decision-making process, allowing you to fine-tune your trades and minimize losses. Whether you’re a seasoned trader or a newcomer to the forex market, the Quarters Theory Indicator can provide you with the insights you need to elevate your trading performance.

Indicator Settings

Distance between majors: Minimum distance between major support/resistance levels.

Start from bar: Selection of the starting bar for Quarters points calculation.

How many bars: Maximum number of bars to display S/R zones.

Disable Quarters: Toggle to show/hide quarters lines.

Quarters Style: Selection of styles for displaying potential market event levels.

Conclusion

The Quarters Theory Indicator is a must-have tool for any MT4 trader seeking to unlock the hidden patterns and rhythms of the forex market. With its intuitive design, powerful analytical capabilities, and the ability to adapt to various trading styles, this free indicator is a valuable asset in your quest for consistent profits. Download the Quarters Theory Indicator today and embark on a journey of discovering the market’s true potential.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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