The DMI Slope Histo is a free and popular Forex indicator for the MT4 platform. It is a useful tool for traders who want to analyze the trend of the currency pair they are trading. The indicator plots the slope of the Directional Movement Index (DMI) on a histogram. This allows traders to quickly identify the trend of the currency pair and make decisions based on the direction of the trend. The DMI Slope Histo indicator is easy to use and understand. The histogram plots the slope of the DMI on a vertical axis. When the slope is positive, it means that the trend is up and when the slope is negative, it means that the trend is down. The indicator also plots a signal line which can be used to generate buy and sell signals. When the signal line crosses above the histogram, it is a buy signal and when it crosses below the histogram, it is a sell signal. The indicator is free to download and use on the MT4 platform and is a popular choice among Forex traders.
MT4
DMI Slope Histo
The DMI Slope Histo is a popular and free MT4 Forex indicator that is useful for traders looking to identify trend direction and strength. The histogram is based on the slope of the DMI, which can be used to identify trend direction and strength. The indicator is easy to use and can be a great addition to any trader’s toolbox.
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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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