The Daily HL indicator is a popular and free MetaTrader 4 (MT4) forex indicator that is useful for traders of all experience levels. This indicator is designed to identify the daily high and low points of a currency pair, giving traders a better understanding of the market’s overall direction. The indicator displays the daily high and low points of the currency pair in a simple line chart, which is easy to interpret and use. The indicator is simple to install and use. All you need to do is download it and add it to your MT4 chart. Once it is added, the indicator will automatically plot the daily high and low points of the currency pair. This makes it easy to identify potential entry and exit points for trades.
MT4
Daily Hl
This free Forex indicator is a popular and useful tool for traders of all levels of experience. It is specifically designed for the MT4 trading platform and provides traders with a comprehensive view of the market. The indicator also provides traders with valuable information about the strength of the trend, helping them to identify potential entry and exit points.
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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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