The Hull OHLC indicator is a popular and useful forex indicator for the MT4 platform. It is widely used by traders to help identify trends and potential entry/exit points in the market. This indicator calculates the moving average based on the open, high, low, and close prices of the currency pair, providing a smoother and more accurate representation of price movements. Traders can use the Hull OHLC indicator by looking for crossovers or divergence between the indicator line and the price chart. When the indicator line crosses above the price chart, it may signal a buy opportunity, while a crossover below the price chart may indicate a sell opportunity. Overall, the Hull OHLC indicator is a valuable tool for forex traders looking to improve their trading strategies and make more informed decisions in the market. And the best part is, it’s free to use on the MT4 platform.
MT4
Hull Ohlc
Hull OHLC Indicator is a popular and useful forex indicator for MT4 that is available for free download. This indicator is based on the Hull Moving Average formula and is used to smooth price action and identify market trends. Traders can use this indicator to make more informed trading decisions by analyzing the direction of the trend.
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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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