The Hour Trend Indicator is a popular free Forex indicator for the MT4 platform. It is a useful tool for traders who want to make informed decisions in the Forex market. The Hour Trend Indicator is designed to help traders identify the start of a new trend in the Forex market, as well as the end of an existing trend. The indicator is easy to use and can be used in combination with other indicators to help determine the best entry and exit points for a trade. The Hour Trend Indicator is based on the hourly chart and uses a combination of moving averages and price action to identify the start of a new trend. It displays a line on the chart that indicates when the trend is starting or ending. When the line is green, it indicates that the trend is up, while a red line indicates that the trend is down. The indicator also displays a histogram that shows the strength of the trend, with a higher histogram value indicating a stronger trend. The Hour Trend Indicator is a useful tool for traders who want to take advantage of the short-term movements in the Forex market. By using the indicator in combination with other indicators, traders can identify the best entry and exit points for a trade. The indicator is also useful for traders who want to identify the start of a new trend in the Forex market. With the Hour Trend Indicator, traders can make informed decisions and maximize their profits in the Forex market.
MT4
Hour Trend
The Hour Trend Forex Indicator is a popular and free MT4 indicator that is useful for traders in the Forex market. The indicator displays the trend direction, the strength of the trend, and the speed of the trend. It also provides traders with a visual of the trend’s direction. The Hour Trend Forex Indicator is a great tool for traders who want to stay on top of the market and make informed decisions.
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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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