The Reversal Fractals Indicator is a popular and useful free Forex indicator for MT4 trading platforms. It helps traders identify potential reversal points in the market, allowing them to make better trading decisions. The indicator works by calculating the highs and lows of the current candle and the two previous candles. If the current candle is higher than the two previous candles, it is considered a bullish signal, and vice versa for a bearish signal. The indicator also plots arrows on the chart to indicate these signals. The Reversal Fractals Indicator is easy to use and can be a great tool for any trader. It can be used in any time frame and with any currency pair. The indicator is also customizable, allowing users to choose their own settings for the indicator. This makes it even more useful as traders can tailor the indicator to their own trading style. Overall, the Reversal Fractals Indicator is a great free Forex indicator for MT4 trading platforms. It is popular among traders and can be a great tool for identifying potential reversal points in the market.
The Reversal Fractals indicator is a popular and free Forex indicator for MT4. This useful indicator is used to identify potential reversals in the market, by recognizing fractal patterns. The indicator is based on the Fractal Chaos Bands which are used to detect the reversals. The indicator works by displaying arrows on the chart which indicate potential reversal points. It also displays a colored line which shows the direction of the trend. The Reversal Fractals indicator is a great tool for traders who want to make more informed decisions about their trades.
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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.