The Coeffoline Hist indicator is a useful and popular free Forex indicator for MT4 trading platforms. It is a powerful tool that can be used to identify trends and support/resistance levels. This indicator works by plotting two lines on the chart, one of which is a histogram and the other a line. The histogram displays the difference between the two lines, which is used to identify the strength of the trend. The line is used to identify the direction of the trend. The Coeffoline Hist indicator can be used to identify trend reversals and to identify support and resistance levels. It can also be used to identify overbought and oversold conditions. The indicator is easy to use and can be used to identify entry and exit points for trades. This indicator is particularly useful for traders who are looking to identify trends in the Forex market. It is a powerful tool that can be used by both experienced and novice traders to identify trends in the Forex market.
MT4
Coeffoline Hist
The Coeffoline Hist Forex Indicator is a popular and free MT4 indicator that is useful for traders in the Forex market. The indicator displays the difference in a histogram, with positive values indicating a bullish trend and negative values indicating a bearish trend. With its helpful visual display and adjustable parameters, the Coeffoline Hist Forex Indicator is a great tool for traders looking to gain an edge 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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