The TZ Pivot Points Alert Indicator is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. This useful tool helps traders to identify potential support and resistance levels in the market. The indicator displays the daily, weekly and monthly pivot points on the chart, along with the corresponding support and resistance levels. It also displays the mid-pivot level and the Fibonacci pivot levels, which can help traders to identify potential entry and exit points. The indicator is easy to use and can be used to generate accurate buy and sell signals. It can be used to identify potential trend reversals and can also be used to confirm existing trends. The indicator also provides traders with an easy way to monitor the market and stay up to date with the latest price movements. The indicator is also free to download and use, making it an ideal choice for any trader looking to get started in the Forex market.
MT4
TZ Pivot Points Alert
The TZ Pivot Points Alert Indicator is a popular free Forex indicator for the MT4 trading platform. The indicator works by plotting pivot points on the chart and then alerting the trader when price reaches those levels. With its simple yet effective design, the TZ Pivot Points Alert Indicator is a great tool for any Forex trader.
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Category: Price Action
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Description
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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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