The Hilo Activator Indicator is a popular and free Forex indicator that is useful for all types of traders. It is designed for use with the MetaTrader 4 (MT4) trading platform and provides an easy way to identify potential entries and exits in the market. The indicator uses the high and low values of the previous day to calculate the current day’s pivot point, which can be used to identify support and resistance levels. The indicator also includes a histogram to show the strength of the trend, allowing traders to quickly identify potential trading opportunities. The Hilo Activator Indicator is easy to install and use. Once the indicator is added to the chart, traders can quickly see the current day’s pivot point and the strength of the trend. This allows traders to quickly identify potential entry and exit points in the market. The indicator also includes a customizable alert system, which can be used to notify traders when the trend changes or when the pivot point is reached. With its customizable alert system and ability to quickly identify potential trading opportunities, the Hilo Activator Indicator is a great tool for any Forex trader.
MT4
Hilo Activator
The Hilo Activator Indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is designed to help traders identify potential entry and exit points in the market. The indicator uses a combination of moving averages and the RSI indicator to identify when the market is overbought or oversold. The indicator is an essential tool for any trader looking to maximize their profits in the Forex market.
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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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