The TVLA HILO indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator helps traders identify trends and potential reversals in the forex market. The TVLA HILO indicator works by plotting a line that represents the current trend direction, with the line changing color to indicate a potential trend reversal. Traders can use this information to make informed decisions on when to enter or exit trades. To use the TVLA HILO indicator, simply add it to your MT4 chart and adjust the settings to suit your trading style. Keep an eye on the line color changes and use them as signals to make trading decisions. Whether you are a beginner or experienced trader, the TVLA HILO indicator can help you navigate the forex market more effectively.
MT4
Tvla Hilo
The TVLA HILO Indicator is a useful tool for forex traders using MT4. This popular free indicator helps traders identify trends and potential entry/exit points with a high level of accuracy. By plotting two moving averages on a chart, it visually displays the direction of the trend. Traders can use this information to make informed decisions on their trades 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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