The DJ Lines is a pivot point forex trading indicator. It acts similarly to support and resistance. This kind of indicators operate on the same principle :
“Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend.”
This tool tries to emulate the DowJones levels.
How to install Dj Lines.mq4?
- Download Dj Lines.mq4 indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the DJ Lines indicator files into following folder of your Metatrader 4 platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on DJ Lines.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
DJ Lines Indicator free download:
To download this indicator or trading system just click the button below: