The Histogram Blanket is a useful forex indicator designed for the MT4 platform. It is a popular and free tool that provides traders with valuable insights into market trends. This indicator works by displaying a histogram on the chart, which visually represents the strength of a trend. Traders can use this information to identify potential entry and exit points, as well as to gauge the strength of a current trend. To use the Histogram Blanket effectively, traders can look for patterns in the histogram that indicate momentum shifts or potential reversals. By combining this information with other technical analysis tools, traders can make more informed trading decisions. Overall, the Histogram Blanket is a valuable tool for forex traders looking to enhance their analysis and improve their trading results.
MT4
Histogram Blanket
The Histogram Blanket is a popular and useful free forex indicator for MT4. It provides a visual representation of market trends and momentum, making it easier for traders to identify potential entry and exit points. This indicator works by plotting histogram bars that fluctuate above or below a zero line, based on price movements. Traders can use the Histogram Blanket to confirm trends and make 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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