The Histogram Divergence Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify potential buy and sell signals in the Forex market. The indicator uses the MACD (Moving Average Convergence Divergence) to compare the movement of two different price series. The indicator then creates a histogram that is used to identify potential divergences between the two price series. The Histogram Divergence Indicator is easy to use and understand. The indicator starts by calculating the difference between the two price series. If the difference is positive, the indicator will display a green histogram. If the difference is negative, the indicator will display a red histogram. The size of the histogram indicates the strength of the divergence between the two price series. The indicator is easy to use and understand and can be used to make informed trading decisions.
MT4
Histogram Divergence
The Histogram Divergence Indicator is a popular and useful tool for Forex traders. It is a free, easy-to-use MT4 indicator that helps traders identify potential trading opportunities. It works by comparing price and momentum and can be used in all timeframes. The indicator is easy to set up and use, and it can be a valuable tool for traders looking to identify potential trading opportunities.
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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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