The HLR Indicator is a popular and useful tool for forex traders using the MT5 platform. This free indicator helps traders identify key support and resistance levels in the market, allowing them to make more informed trading decisions. The HLR Indicator works by analyzing historical price data to determine areas where the price is likely to reverse or continue its current trend. Traders can use this information to place trades with better risk management and higher profit potential. To use the HLR Indicator, simply add it to your MT5 chart and adjust the settings to fit your trading strategy. The indicator will then plot support and resistance levels on your chart, giving you a clear picture of where price may react in the future. Overall, the HLR Indicator is a valuable tool for any forex trader looking to improve their trading performance.
MT5
HLR Indicator
HLR Indicator MT5 is a useful tool for forex traders. It is a popular free indicator that helps identify potential reversals in the market. This indicator works by analyzing price action and identifying key levels of support and resistance. Traders can use this information to make informed decisions about their trades. HLR Indicator MT5 is easy to use and can be a valuable asset in any trader’s toolbox.
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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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