The Price Histogram Channel Indicator is a useful and popular free Forex indicator for the MT4 platform. It helps traders identify trends and reversals in the Forex market by displaying a histogram of price movements. The indicator is composed of two lines: a line that represents the current price action and a channel line that displays the trend. The Price Histogram Channel Indicator works by plotting the current price action on a chart and then comparing it to the channel line. If the price action is above the channel line, it indicates an uptrend, and if the price action is below the channel line, it indicates a downtrend. The indicator also displays a histogram of the differences between the current price action and the channel line. This histogram shows the strength of the trend, with a higher histogram indicating a stronger trend. The Price Histogram Channel Indicator is a useful tool for traders who are looking to identify trends and reversals in the Forex market. It is easy to use and can be quickly implemented into any trading strategy. The indicator is also free, making it a popular choice among Forex traders. By using the Price Histogram Channel Indicator, traders can quickly and accurately identify trends and reversals in the Forex market.
MT4
Price Histogram Channel
The Price Histogram Channel Indicator is a free and popular Forex indicator for the MT4 platform. It is a useful tool for traders as it can help them identify potential entry and exit points in the market. The indicator uses a histogram to display the price action in the market. The histogram is based on the difference between the highest and lowest prices of the current period. Overall, the Price Histogram Channel Indicator is a useful and popular Forex indicator for the MT4 platform.
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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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