The Daily Support and Resistance Special Indicator is a powerful and popular free Forex indicator for MT4. This useful tool provides traders with a comprehensive overview of the current market conditions, allowing them to make informed decisions and maximize their trading potential. The Daily Support and Resistance Special Indicator is designed to identify and plot Support and Resistance levels on the chart. It uses a sophisticated algorithm to accurately detect the most important Support and Resistance levels, providing traders with a clear view of the current market conditions. The indicator also plots horizontal lines on the chart, indicating the Support and Resistance levels. This allows traders to quickly and easily identify areas of potential entry and exit points. Overall, the Daily Support and Resistance Special Indicator is a powerful and popular free Forex indicator for MT4.
MT4
Daily Support And Resistance Special
The Daily Support and Resistance Special Indicator is a useful and popular free Forex indicator for MT4 that helps traders identify potential support and resistance levels. It uses a combination of historical data and technical analysis to accurately identify and plot the support and resistance levels. The indicator also includes options to customize the look and feel of the support and resistance lines, as well as the ability to adjust the sensitivity of the indicator. With its easy-to-use interface and powerful features, the Daily Support and Resistance Special Indicator is a must-have tool for any serious Forex trader.
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Category: Support & Resistance
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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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