The Histogram Divergence Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is designed to help traders identify potential buy and sell signals in the Forex market. The indicator uses the MACD (Moving Average Convergence Divergence) to compare the movement of two different price series. The indicator then creates a histogram that is used to identify potential divergences between the two price series. The Histogram Divergence Indicator is easy to use and understand. The indicator starts by calculating the difference between the two price series. If the difference is positive, the indicator will display a green histogram. If the difference is negative, the indicator will display a red histogram. The size of the histogram indicates the strength of the divergence between the two price series. The indicator is easy to use and understand and can be used to make informed trading decisions.
MT4
Histogram Divergence
The Histogram Divergence Indicator is a popular and useful tool for Forex traders. It is a free, easy-to-use MT4 indicator that helps traders identify potential trading opportunities. It works by comparing price and momentum and can be used in all timeframes. The indicator is easy to set up and use, and it can be a valuable tool for traders looking to identify potential trading opportunities.
| Indicator Type | |
|---|---|
| Trading Style | |
| Timeframe | , |
| Platform |
0
People watching this product now!
Downloads - 15
Description
Reviews (0)
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.
Related products
Volatility Quality
The Volatility Quality Indicator is a useful and popular free Forex indicator for MT4 that helps traders identify the best entry and exit points in the market. This indicator is based on the ratio of the price range of a given period to the average true range of the same period. It helps traders determine the quality of the volatility of a currency pair. It is also a great tool for identifying support and resistance levels. The Volatility Quality Indicator is a great way to make informed decisions when trading Forex.
Volatility Quality Zero
The Volatility Quality Zero Line Indicator is a new, popular and free forex indicator available on MT4 that determines the volatility quality of a financial instrument by measuring the relationship between the average true range and the true range. It draws a zero line, which serves as a guide to determine the direction of the trend, and traders can enter or exit positions based on its crossing. The Volatility Quality Zero Line indicator is a useful powerful tool that will definitely take your trading experience to the next level.
AO Divergence
The AO Divergence Indicator is a useful BE4 tool for forex traders who want to identify divergence patterns in the market. This new MT4 indicator is popular with traders due to its effectiveness in spotting divergence patterns and predicting potential price reversals. It works by analyzing the Awesome Oscillator (AO) and highlighting divergence patterns that may indicate possible trend changes. The AO Divergence Indicator is easy to use and can be a valuable addition to any trader's toolbox.
Renko Charts
The Renko Charts indicator is a popular free MT4 tool used by forex traders to analyze market trends. It works by plotting price movements as "bricks" on a chart, where each brick represents a predetermined price range. This helps filter out market noise and highlight the direction of the trend. Make The Renko Charts indicator a useful tool to improve your Forex trading strategies.
Synthetic VIX
The Synthetic VIX Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator utilizes a combination of price action and signals from multiple time frames to accurately predict market movements. The Synthetic VIX indicator can be used to identify potential entry and exit points in the market, as well as to identify trend reversals and breakouts. It is designed to provide traders with an easy to use and reliable indicator that can help them make informed trading decisions. With its accurate and reliable signals, the Synthetic VIX Indicator is a great tool for any trader looking to improve their trading performance.
Wave Trend Oscillator
The Wave Trend Oscillator Indicator is a popular and free Forex indicator for MT4 that is useful for both novice and experienced traders. This indicator is designed to detect the trend and momentum of the market and provide traders with a visual representation of the trend direction. It then plots the waves on a chart and provides traders with a signal when the trend has reversed or is about to reverse. This indicator is also customizable, allowing traders to adjust the sensitivity of the indicator to their own trading style. With the Wave Trend Oscillator Indicator, traders can easily identify the trend of the market and make informed trading decisions.
MACD Divergence
The MACD Divergence Indicator is a powerful tool that helps traders identify trend reversal points in the market. It is a popular and free indicator that is compatible with the MT4 platform. This new indicator plots divergences between the MACD indicator and the price on your chart, making it easy to spot potential trend reversals. It works by measuring the difference between two moving averages, and traders can use it to identify bullish or bearish divergences. With its ability to identify trend reversal points, this indicator is useful for both beginner and advanced traders.
Reviews
There are no reviews yet.