The Swing High Low Points Indicator is a useful tool for forex traders using the popular MT4 platform. This indicator helps traders identify significant highs and lows in the market, allowing them to make more informed trading decisions. The indicator works by plotting points on the chart where a swing high or low occurs. Traders can use these points to determine potential levels of support and resistance, as well as to identify potential trend reversals. To use the Swing High Low Points Indicator, simply attach it to your MT4 chart and adjust the settings to suit your trading style. The indicator will then automatically plot the swing points on the chart, making it easy to identify key levels in the market. Best of all, this indicator is free to download and use, making it a valuable tool for any forex trader.
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Swing High Low Points
Swing High Low Points Indicator MT4 is a popular and useful Forex indicator that identifies swing highs and lows in the market. It is free to use and compatible with the MT4 platform. This indicator works by highlighting key levels where the market has shown significant price movements, making it easier for traders to make trading decisions.
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Category: Stochastic
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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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