The Forex Trend Histo Indicator is a popular and useful tool for traders on the MT4 platform. This free indicator helps traders identify the strength and direction of the trend in the forex market. The indicator works by plotting a histogram that visually represents the strength of the trend. Traders can use this information to determine when to enter or exit trades, based on whether the trend is strengthening or weakening. To use the Forex Trend Histo Indicator, simply add it to your MT4 platform and adjust the settings to your preference. The indicator will then display the trend histogram on your chart, making it easy to spot trends at a glance. With its user-friendly interface and accurate trend analysis, this indicator is a valuable tool for forex traders of all levels.
MT4
Forex Trend Histo
Forex Trend Histo Indicator is a popular and useful free MT4 indicator that helps traders identify the direction of the trend in the forex market. It works by plotting histogram bars on the chart, indicating the strength and momentum of the trend. Traders can use this indicator to make informed decisions about entering or exiting trades based on the trend analysis.
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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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