Gartley Pattern Scanner is a popular and free forex indicator for the MetaTrader 4 (MT4) trading platform. It is a useful tool for traders who want to identify and take advantage of Gartley patterns in the forex market. Gartley patterns are a technical analysis pattern based on Fibonacci ratios that can be used to identify potential reversal points in the market. The Gartley Pattern Scanner indicator scans the market for potential Gartley patterns and displays them on the chart. It also provides entry and exit signals to help traders identify entry and exit points. The indicator can be used on all time frames and currency pairs, making it a versatile tool for traders. The Gartley Pattern Scanner indicator is a great tool for traders who want to take advantage of Gartley patterns in the forex market.
Gartley Pattern Scanner
The Gartley Pattern Scanner is a useful and popular free Forex indicator for the MT4 platform. The indicator works by scanning the market for potential Gartley patterns, and then displaying the results on the chart. Traders can then decide whether to take a position based on the pattern’s validity. The indicator can also be used to identify potential entry and exit points, as well as to identify potential support and resistance levels. The Gartley Pattern Scanner is easy to use and can be a valuable tool for any Forex trader.
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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.