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Home Collection Signal Pivot Only H1
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Pivot Only H1

The Pivot Only H1 Indicator is a useful free Forex indicator for MT4 traders. The indicator works by calculating the pivot points on the one-hour timeframe, which can be used to identify entry and exit points. It is a simple and straightforward indicator, making it an ideal choice for novice traders.

Trading Style

Intraday

Indicator Type

Accurate

Timeframe

D1-W1

,

H1-H4

,

M15-M30

Platform

MT4

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  • How to Install
Description

This Pivot Only H1 Indicator is a useful and popular Forex indicator for the MT4 platform. It is free to download and is perfect for all levels of Forex traders. The indicator is designed to identify the most important support and resistance levels of the day on the H1 time frame. It is an easy to use and powerful indicator that can help you make better decisions when trading the Forex markets. The indicator works by calculating the daily pivot levels and plotting them on the chart. It also plots the previous day’s high and low, as well as the open and close price. This allows traders to easily identify important support and resistance levels. The indicator also plots a mid-point between the high and low of the day, which can be used as an additional reference point. With its easy to use interface and customizable settings, it is a great tool for any trader looking to improve their trading performance.

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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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