The Pivots Multi Times Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) platform. This indicator helps traders to identify potential support and resistance levels for any given currency pair. The Pivots Multi Times Indicator works by calculating the previous day’s high, low, open and close values for the selected time frame. It then applies a mathematical formula to calculate the pivot point, which is the center point of the range. The indicator then plots the pivot point and the support and resistance levels for the current day. This helps traders to identify potential entry and exit points for their trades. So if you’re looking for a useful and free Forex indicator for MT4, the Pivots Multi Times Indicator is a great choice.
MT4
Pivots Multi Times
This free Forex indicator is a powerful and useful tool for traders looking to get an edge in the highly competitive Forex markets. The Pivots Multi Times Indicator for MT4 is a popular and reliable indicator that helps to identify potential price reversal points by displaying several different types of pivot points on the same chart. The Pivots Multi Times Indicator is a great tool for any Forex trader looking to gain an edge in the markets.
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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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