The Gann HiLo Activator v2 is a useful and popular free Forex indicator for MT4 that helps to identify the trend direction. This indicator is based on the Gann HiLo Activator and is designed to provide traders with a simple way of entering and exiting trades. The indicator consists of two lines, the green line which is used to signal a bullish trend and the red line which is used to signal a bearish trend. When the green line is above the red line, it indicates a bullish trend and when the red line is above the green line, it indicates a bearish trend. The Gann HiLo Activator v2 is easy to use and understand. When the green line is above the red line, traders should look for buying opportunities and when the red line is above the green line, traders should look for selling opportunities. The indicator also provides traders with a visual way of determining the trend direction, as the color of the lines will change depending on the trend. The Gann HiLo Activator v2 is a popular and useful indicator for MT4 traders. It is free to download and provides traders with a simple way of entering and exiting trades. The indicator is based on the Gann HiLo Activator and provides traders with a visual way of determining the trend direction. This indicator is a great tool for traders who are looking for a simple yet effective way of trading the Forex market.
MT4
Gann Hilo Activator V2
Gann Hilo Activator v2 is a popular and useful free Forex indicator for the MT4 platform. It is designed to help traders identify entry and exit points in the market. The indicator works by combining Gann HiLo Activator and Moving Average indicators. The Gann HiLo Activator helps to identify the trend and the Moving Average helps to determine the 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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