The Pro4x Pivot Lines Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator is widely utilized by traders looking to identify key support and resistance levels in the market. The indicator works by drawing pivot lines based on historical price data, allowing traders to anticipate potential price movements. Traders can use these pivot lines to make informed trading decisions, such as setting stop loss and take profit levels. The Pro4x Pivot Lines Indicator is free to download and easy to use on the MT4 platform. Simply add the indicator to your chart and adjust the settings to suit your trading strategy. This indicator is a valuable tool for traders looking to improve their forex trading performance.
MT4
Pro4X Pivot Lines
Pro4x Pivot Lines Indicator is a popular and useful forex indicator for MT4. This free indicator helps traders identify key support and resistance levels in the market. By plotting pivot points, it can be used to determine potential reversal points and set profit targets. Traders can use this indicator to make informed trading decisions and enhance their trading strategies.
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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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