The I-Cross Hair Indicator is a popular and free forex indicator for the MT4 platform. It is a useful tool for traders as it helps to identify entry and exit points in the forex market. The indicator works by drawing a horizontal line across the chart at the price level where a trader is looking to enter a trade. This line can be adjusted to the desired price level and the indicator will draw a vertical line at the same price level. This allows the trader to easily identify the entry and exit points of the trade. The indicator also has an adjustable color and width settings, which allows the trader to customize the look of the lines. Additionally, the indicator can be used in combination with other indicators to create more accurate signals. For example, the I-Cross Hair Indicator can be used with the Moving Average indicator to create a stronger signal. This combination of indicators can be used to identify trend reversals, support and resistance levels, and other important market signals.
MT4
I Cross Hair
The I Cross Hair Forex indicator is a useful and popular MT4 tool that helps traders identify entry and exit points in the Forex market. This free indicator is designed to show the crosshair at the exact moment when the candle is opened, allowing traders to quickly determine the best entry and exit points. With its simple yet effective design, the I Cross Hair Forex indicator is a popular choice among traders.
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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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