The MTF Hi Low v1 indicator is a valuable tool for forex traders using the popular MT4 platform. This indicator displays the high and low price levels of multiple timeframes on a single chart, allowing traders to easily identify key support and resistance levels. The MTF Hi Low v1 indicator is free to use and simple to install on the MT4 platform. Traders can customize the indicator to display different timeframes and adjust the colors and styles of the high and low price levels. To use the MTF Hi Low v1 indicator, simply add it to your MT4 chart and adjust the settings to fit your trading strategy. Traders can use the indicator to identify potential entry and exit points, as well as to set stop loss and take profit levels. Overall, the MTF Hi Low v1 indicator is a useful tool for forex traders looking to improve their trading accuracy.
MT4
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Hi Low V1
MTF Hi Low v1 Indicator is a popular and useful forex indicator for MT4 that displays multiple time frame high and low levels on the chart. It is free to download and simple to use. This indicator helps traders identify potential support and resistance levels, making it a valuable tool for analyzing market trends and making trading decisions.
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Category: Support & Resistance
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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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