The HLC Trend Indicator for MT5 is a popular and useful tool for forex traders. This free indicator helps traders identify the trend direction in the market by analyzing the high, low, and close prices of each candlestick. The HLC Trend Indicator plots a line on the chart to show the overall market trend, making it easier for traders to make informed trading decisions. When the line is moving upwards, it indicates a bullish trend, while a downward movement suggests a bearish trend. Traders can use this indicator to confirm the trend, identify potential entry and exit points, and set stop-loss levels. It is easy to use and can be customized to suit individual trading styles. By incorporating the HLC Trend Indicator into their trading strategy, traders can improve their trading accuracy and maximize profits in the forex market.
MT5
HLC Trend Indicator
HLC Trend Indicator for MT5 is a popular and useful forex indicator that is available for free. This indicator works by analyzing high, low, and close prices to identify trends in the market. Traders can use this indicator to make informed decisions on when to enter or exit trades. Overall, the HLC Trend Indicator for MT5 is a valuable tool for forex traders.
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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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