The Demarker Custom Histogram indicator is a popular and useful forex indicator that is compatible with the MetaTrader 4 platform. This indicator is widely used by traders to analyze market trends and make informed trading decisions. The Demarker Custom Histogram indicator is free to download and easy to use. This indicator works by plotting a histogram based on the Demarker indicator, which measures the rate of change in price movement. Traders can use this histogram to identify overbought and oversold conditions in the market, as well as potential trend reversals. By understanding these market dynamics, traders can better time their entries and exits for more profitable trades. To use the Demarker Custom Histogram indicator, simply download it onto your MT4 platform and apply it to your chart. You can customize the indicator settings to suit your trading style and preferences. With its user-friendly interface and accurate analysis, this indicator is a valuable tool for forex traders.
MT4
Demarker Custom Histogram
The Demarker Custom Histogram Indicator is a popular and useful forex indicator for MT4 that is free to download. This indicator helps traders identify potential trend reversals by measuring the overbought and oversold conditions in the market. Traders can use this indicator to make informed trading decisions based on the momentum of price movements.
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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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