The HILO Activator Indicator is a popular and useful tool for forex traders available for free use on the MetaTrader 4 (MT4) platform. This indicator aims to provide traders with accurate trend identification, allowing them to make informed trading decisions. With the HILO Activator Indicator, traders can determine the direction of the trend by analyzing whether the price is trading above or below the indicator line. When the price is above the line, it indicates an uptrend, while trading below the line signifies a downtrend. This helps traders identify potential entry and exit points for their trades. Additionally, the HILO Activator Indicator helps traders filter market noise and avoid unnecessary trades. By focusing on the overall trend, traders can reduce the chances of entering trades against the dominant market direction. Overall, the HILO Activator Indicator is a reliable and widely used forex tool that enhances trading strategies by providing accurate trend identification. Its availability on the free MT4 platform makes it accessible to forex traders worldwide.
MT4
Hilo Activator
The HILO Activator Indicator is a popular and useful forex indicator available for free on the MetaTrader 4 (MT4) platform. It works by displaying a moving average line that helps identify trends in the forex market. Traders can use this indicator to determine the strength of a trend and make informed trading decisions. By providing a clear visual representation of market movements, the HILO Activator Indicator assists traders in executing more accurate trades.
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Description
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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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