The FTLM Histogram is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify potential turning points in the market, allowing them to make more informed decisions and potentially increase their profits. The indicator works by comparing the closing price of a security to its highest and lowest prices over a given period of time. This comparison is then displayed as a histogram, with the highs and lows highlighted in different colors. The higher the highs and the lower the lows, the more likely a trend reversal is occurring. The FTLM Histogram indicator is easy to use and understand, making it a popular choice among traders. To use it, simply add it to your MT4 chart and adjust the settings to suit your trading style. You can adjust the time frame to match your trading style, as well as the color scheme to make it easier to read. By helping to identify potential turning points in the market, it can help traders make more informed decisions and potentially increase their profits.
MT4
Ftlm Histogram
The FTLM Histogram is a useful and popular free Forex indicator for MT4 trading platforms. This indicator helps traders identify potential trend reversals by displaying a histogram of the difference between two moving averages. The FTLM Histogram is a useful and popular indicator that can help traders identify potential trend reversals 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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