The Pivot Point Shift Indicator is a useful and popular Forex indicator available for free on the MT4 platform. This indicator is designed to help traders identify important support and resistance levels in the Forex market. It does this by plotting support and resistance levels on the chart based on the previous day’s high, low, and close. By using this indicator, traders can identify areas of potential support and resistance and use these levels to set entry and exit points. The Pivot Point Shift Indicator is easy to use and can be quickly applied to any chart. After it is applied, the indicator will automatically plot the support and resistance levels on the chart. Traders can then use these levels as entry and exit points for their trades. The indicator will also provide an alert when the price reaches a support or resistance level, allowing traders to quickly react to any potential opportunities. With this indicator, traders can quickly identify potential entry and exit points and take advantage of any potential opportunities in the market.
MT4
Pivot Point Shift
This free and popular Forex indicator for MT4 is incredibly useful for traders. Pivot Point Shift is a technical analysis tool that helps traders identify potential support and resistance levels. It is a great tool for traders looking to make informed decisions about their trades.
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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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