The High Low Open Close (HLOC) indicator for MT5 is a popular and useful tool for forex traders. This indicator displays the high, low, open, and close prices of a trading session on the chart, making it easier to analyze price movements. Traders can use this information to identify key support and resistance levels, as well as potential entry and exit points for trades. The HLOC indicator is free to use and easy to install on the MetaTrader 5 platform. Simply download the indicator and add it to your chart to start using it. Traders can customize the settings of the indicator to suit their trading style and preferences. Overall, the High Low Open Close indicator for MT5 is a valuable tool for forex traders looking to make well-informed trading decisions based on price action data.
MT5
High Low Open Close
High Low Open Close Indicator MT5 is a useful forex indicator that is popular among traders. It is available for free on the MT5 platform. This indicator shows the high, low, open, and close prices of a trading session, making it easier for traders to analyze price movements. Traders can use this information to make more informed trading decisions.
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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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