The Hull Trend Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator provides valuable insights into market trends and helps traders make informed decisions. It is widely used by both novice and experienced traders due to its accuracy and simplicity. The Hull Trend Indicator works by smoothing out price data to provide a clearer picture of the underlying trend. Traders can use this indicator to identify potential entry and exit points, as well as to confirm the strength of a trend. The indicator is free to download and easy to install on the MT4 platform. To use the Hull Trend Indicator, simply add it to your chart and look for buy or sell signals based on the direction of the trend line. Traders can also use this indicator in conjunction with other technical analysis tools to enhance their trading strategy.
MT4
Hull Trend
The Hull Trend Indicator is a popular and useful MT4 forex indicator. It is free to use and can help traders identify market trends more effectively. The indicator works by using a combination of moving averages to provide a smooth trend line, making it easier for traders to make informed decisions. Simply install the indicator on your MT4 platform and use it to analyze price movements.
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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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