The HLC Trend Indicator MT5 is a popular and free Forex indicator that is useful for traders of all levels. It is designed to help traders identify and analyze trends in the Forex market. The indicator works by analyzing the high, low, and close values of each bar to identify the trend direction. It also uses a range of other indicators to provide more accurate signals. The indicator is easy to use and can be applied to any time frame. It is also highly customizable, allowing traders to adjust the parameters to suit their trading style. The indicator displays the trend direction for each bar, as well as the current trend strength. It also provides entry and exit signals, helping traders identify when to enter and exit a trade. The indicator is free to use and provides accurate signals, helping traders make informed decisions in the Forex market.
MT5
HLC Trend
The HLC Trend Indicator MT5 is a popular and free Forex indicator that is useful for traders looking to identify trends in the market. The indicator uses the high, low and close prices of each candle to calculate the trend. It then plots the trend line on the chart to provide traders with a visual representation of the current trend. This indicator is a great tool for traders looking to identify trends in the Forex market.
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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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