The 3 Tier London Breakout Indicator is a popular and useful forex indicator that is compatible with MT4. This indicator helps traders identify potential breakouts during the London trading session, which is known for its high volatility and trading opportunities. The indicator works by identifying three key levels: the high and low of the previous day and the opening range of the current day. When price breaks above or below these levels, it signals a potential breakout and trading opportunity. Traders can use this indicator to place entry and exit points, as well as set stop-loss and take-profit levels based on the identified breakout points. The 3 Tier London Breakout Indicator is free to download and easy to use, making it a valuable tool for forex traders looking to capitalize on London trading session volatility.
MT4
3 Tier London Breakout
3 Tier London Breakout Indicator is a useful tool for forex traders on MT4. This popular indicator is free to use and helps traders identify potential trading opportunities during the London trading session. By highlighting key price levels and market trends, this indicator can assist traders in making informed decisions when entering and exiting trades.
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Categories: Price Action, Signal
Downloads - 64
Description
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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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