The MTF HighLow Indicator for MT5 is a useful tool for forex traders looking to track high and low price levels across multiple timeframes. This popular indicator is available for free and can be easily integrated into your MT5 trading platform. The MTF HighLow Indicator works by displaying the highest high and lowest low prices for a specified number of past periods on different timeframes. This allows traders to quickly identify key price levels and potential support and resistance areas. To use the MTF HighLow Indicator, simply add it to your chart and adjust the settings to customize the number of periods and timeframes you want to analyze. The indicator will then plot the high and low price levels on your chart, providing valuable information for making informed trading decisions.
MT5
Mtf Highlow
MTF HighLow Indicator for MT5 is a popular and useful forex indicator that shows high and low prices from multiple timeframes on your chart. This free indicator can help traders identify key levels of support and resistance. Simply attach it to your chart and adjust the settings to customize the display. Use it to improve your technical analysis and make better 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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