The Waddah Attar Pivot indicator is a popular and free forex indicator for MT4. It is a useful tool for traders who want to identify and take advantage of price trends in the forex market. The indicator works by calculating the pivot points, which are the most important support and resistance levels in the market. It also uses the Fibonacci retracement levels to determine the support and resistance levels. The indicator displays the pivot points and Fibonacci retracement levels on the chart, making it easy for traders to identify and take advantage of price trends. The Waddah Attar Pivot indicator is easy to use and can be used by both beginner and advanced traders. To use the indicator, traders simply need to install it on their MT4 platform and then select the currency pair they want to trade. The indicator will then automatically calculate the pivot points and Fibonacci retracement levels for the selected currency pair. The indicator also provides traders with visual cues to help them identify and take advantage of price trends. It is a great tool for traders who want to maximize their profits in the forex market.
MT4
Waddah Attar Pivot
The Waddah Attar Pivot Indicator for MT4 is a popular and free forex indicator that can be used to identify potential support and resistance levels. The indicator works by calculating the daily high, low and close of the previous day, and then plotting the points on the chart. The Waddah Attar Pivot Indicator for MT4 is a great tool for traders of all levels and can be used to enhance trading strategies.
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Category: Support & Resistance
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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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