The Pivot Lines Interbank Indicator is a free and popular Forex indicator for the MT4 platform. It is useful for traders who want to identify support and resistance levels in the market. It is based on the concept of the daily pivot points and uses the same calculations to plot the lines on the chart. The indicator provides the trader with the ability to quickly identify the different levels of support and resistance. The indicator plots the pivot points on the chart based on the previous day’s high, low, and close. It also plots the support and resistance lines that are calculated from the pivot points. The indicator also has the ability to automatically plot the Fibonacci retracements and extensions. This allows the trader to quickly identify possible entry and exit points. It is easy to use and allows the trader to quickly identify support and resistance levels in the market. It is also free and compatible with most trading platforms.
MT4
Pivot Lines Interbank
The Pivot Lines Interbank indicator is a free and popular Forex indicator for MT4 that is useful for traders of all levels. It helps traders to identify important price levels and calculate the probability of a price reversal. The indicator also plots the support and resistance lines and is very easy to use. The indicator is also helpful for longer-term traders who want to identify significant levels of support and resistance.
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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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