The High Low ZigZag Indicator is a popular and useful tool for forex traders using the MT4 platform. This indicator identifies the highest highs and lowest lows in a selected range, creating zigzag lines that help traders identify trends and potential reversal points. It is free to download and easy to use, making it a must-have for traders looking to make informed decisions in the forex market. On the other hand, the Candle Time and Spread Indicator for MT4 is also a popular and useful tool for forex traders. This indicator displays the time remaining for the current candle to close, as well as the current spread in pips. It helps traders manage their positions more effectively by providing key information about market conditions. The Candle Time and Spread Indicator is free to download and easy to use, making it a valuable addition to any trader’s toolkit.
MT4
High Low Zigzag
High Low Zigzag Indicator is a popular and useful forex indicator for MT4. It is a free tool that helps traders identify significant price swings in the market. The indicator plots a zigzag line based on the highest high and lowest low prices, making it easy to spot trends and potential entry and exit points. Simply add the indicator to your chart to start using it.
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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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