The 3 Bars High Low Indicator is a useful forex indicator that is compatible with the popular MT4 platform. It is a free tool that helps traders identify the high and low points of the market over a three-bar period. This indicator works by plotting three horizontal lines on the chart, representing the high, low, and midpoint of the last three bars. Traders can use this information to identify potential support and resistance levels, as well as trend reversals. To use the 3 Bars High Low Indicator, simply download and install it on your MT4 platform. Once activated, the indicator will automatically plot the high and low points of the last three bars on your chart. This can help you make more informed trading decisions and improve your overall trading strategy.
MT4
Bars High Low
The 3 Bars High/Low Indicator is a useful forex tool for MT4 users. It is a popular and free indicator that helps traders identify significant highs and lows in the market. The indicator works by tracking the highest high and lowest low of the past three bars. Traders can use this information to make more informed trading decisions.
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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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