The Zigzag with Line at Lows and Line at Highs indicator is a popular free Forex indicator for the MT4 trading platform. It is highly useful for traders of all levels as it provides a visual representation of the highs and lows of the market. The indicator consists of two lines – one at the highs and one at the lows. The upper line shows the highs while the lower line shows the lows. This makes it easy to identify support and resistance levels. The indicator also provides a visual representation of the trend direction and can be used to identify potential entry and exit points. It is also possible to customize the indicator to adjust the sensitivity of the lines. This makes it possible to tailor the indicator to the trader’s individual needs. The Zigzag with Line at Lows and Line at Highs indicator is a great tool for traders looking to maximize their profits in the Forex market.
MT4
ZigZag With Line
This free Forex indicator is a useful tool for MT4 traders who are looking for an easy way to identify market trends. The indicator is useful for traders who want to identify potential entry and exit points, as it provides a visual representation of the market’s trend. The indicator is easy to set up and use, and it can be used in combination with other indicators to help traders make better trading decisions.
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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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