The swing high and low indicator is a popular MT4 technical analysis tool designed to identify potential swing points in the market. The indicator charts fluctuate between high and low levels on the chart, making it easy for traders to spot potential market turning points. It works by analyzing the behavior of the price over a certain period, identifying the highest and lowest points of a trend. Traders can use the indicator to determine the direction of the trend and potential support and resistance levels. Including a swing high and low indicator in your toolbox is a valuable decision for any trader who wants to improve their trading strategy and increase profitability.
Swing Point Highs
The Swing Point Highs and Lows indicator is a new, popular and free MT4 technical analysis tool for forex traders. This indicator works by identifying swing points on a price chart and then drawing horizontal lines to indicate potential support and resistance levels. The swing point high and low indicator is a valuable tool for traders who want to identify key support and resistance levels and is suitable for both beginners and experienced traders.
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How to Install
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.
And if asks to confirm DLL?