The Higher Time Frame Indicator is a useful tool for forex traders who use the MetaTrader 4 platform. This popular indicator is available for free and provides valuable insights by displaying the price action of a higher time frame directly on your chart. By using the Higher Time Frame Indicator, traders can better understand the overall trend and market sentiment, which can help them make more informed trading decisions. The indicator is easy to install and use, simply add it to your MT4 platform and adjust the settings to display the desired time frame. This indicator works by analyzing the price data from a higher time frame and plotting it onto the lower time frame chart. This can help traders spot key support and resistance levels, as well as potential entry and exit points. Overall, the Higher Time Frame Indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Higher Time Frame
The Higher Time Frame Indicator is a widely used and popular tool for forex traders on the MT4 platform. This free indicator is highly useful for analyzing the market trends on a larger time frame, providing valuable insights for making informed trading decisions. It works by displaying the trend direction on higher time frames, helping traders to identify potential 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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