The Price Action Scaner is a popular, free and useful Forex indicator for the MT4 platform. This indicator scans the entire Forex market for the best price action setups and presents them to the trader in a convenient way. It is designed to help traders identify potential trading opportunities by providing them with an overview of the market in a visual format. The Price Action Scaner can be used to identify price patterns, support and resistance levels, trend lines and other chart patterns. It can also be used to identify potential entry and exit points in the market. The Price Action Scaner is easy to use and requires no prior knowledge of Forex trading. All the trader needs to do is install the indicator on their MT4 platform, select the currency pairs to be scanned and set the parameters for the indicator. Once the parameters are set, the indicator will scan the market for the best price action setups and present them to the trader in a visual format. This makes it easy for the trader to identify potential trading opportunities and make informed decisions. With the Price Action Scaner, traders can easily identify potential trading opportunities and make informed decisions.
Price Action Scaner
The Price Action Scaner Forex Indicator is a useful and popular MT4 indicator that is free to use. It is designed to help traders identify price action patterns that are most likely to lead to profitable trades. The indicator uses a combination of trend analysis, support and resistance levels, and price action signals to provide traders with an insight into the current market conditions. It also provides alerts when certain trading signals are detected, allowing traders to take action quickly. With the Price Action Scaner Forex Indicator, traders can quickly identify potential trading opportunities and take advantage of them.
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Category: Price Action
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.