The i-High Low Indicator for MT4 is a popular and useful tool for forex traders looking to analyze market trends. This free indicator helps traders identify important price levels by displaying the high and low points of a specific time frame. The indicator works by automatically plotting the highest high and lowest low points on the chart, making it easy for traders to spot potential support and resistance levels. Traders can adjust the time frame and customization settings to suit their trading style and preferences. To use the i-High Low Indicator, simply download and install it on your MT4 platform. Once added to the chart, traders can easily interpret the high and low points displayed on the chart to make informed trading decisions. Overall, this indicator is a valuable tool for forex traders looking to enhance their market analysis.
MT4
I High LOW
I-High-Low Indicator for MT4 is a popular and useful forex indicator that provides information on high and low price levels. This free indicator works by showing the highest and lowest price points over a specified period, helping traders identify potential support and resistance levels. To use, simply add the indicator to your MetaTrader 4 platform and adjust the settings to suit your trading strategy.
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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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