The Basic Hour Indicator is a useful forex indicator designed for the MT4 platform. This popular indicator is free to download and can be a valuable tool for forex traders looking to track market activity over specific time frames. The indicator works by displaying colored bars on the chart to represent different hourly periods, making it easy to visually identify trends and patterns. Traders can customize the indicator by setting the start and end times for the hourly bars to match their trading preferences. To use the Basic Hour Indicator, simply download and install it on your MT4 platform, then apply it to the desired chart. You can adjust the settings to suit your trading strategy and analyze the hourly price movements to make informed trading decisions.
MT4
Basic Hour
The Basic Hour Indicator is a popular and useful forex indicator for MT4. It is free to use and provides valuable information on market trends based on hourly data. Users can easily track market movements and make informed trading decisions. Simply add the indicator to your trading platform to start using it effectively.
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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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