The HL Bolinger Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It is a simple but powerful tool that is designed to help traders identify trends and make better trading decisions. The indicator uses a combination of two Bollinger Bands and a moving average line to help traders identify potential trading opportunities. The indicator works by displaying two Bollinger Bands, one above and one below the moving average line. The upper Bollinger Band is used to indicate potential overbought conditions, while the lower Bollinger Band is used to indicate potential oversold conditions. The moving average line is used to identify the trend direction and help traders identify potential entry and exit points. The indicator is free to download and use, and it is one of the most popular and useful Forex indicators available.
MT4
Hl Bolinger
The HL Bolinger Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The indicator is based on two lines, one representing the high price and one representing the low price. The HL Bolinger Indicator is a great tool to help traders identify potential trading opportunities, and can be used to help set stop-loss and take-profit levels.
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Category: Envelope Indicators
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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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