The HighLow Indicator for MT5 is a useful tool for forex traders looking to identify key high and low price levels in the market. This popular indicator is available for free and can be easily installed on your MetaTrader 5 platform. The indicator works by calculating the highest high and lowest low prices over a set period of time, typically customizable by the user. Traders can use this information to spot potential support and resistance levels, helping them make more informed trading decisions. To use the HighLow Indicator, simply add it to your chart and adjust the settings to your preferred time frame. The indicator will then display the high and low price levels on your chart, making it easy to visually identify important price areas. Overall, the HighLow Indicator for MT5 is a valuable tool for forex traders looking to improve their technical analysis and enhance their trading strategies.
MT5
I Highlow Indicator
I-HighLow Indicator MT5 is a popular and useful forex indicator that is available for free. It helps traders to identify the high and low points of price movements in the market. By detecting the support and resistance levels, traders can make informed trading decisions. This indicator is compatible with the MetaTrader 5 platform and is easy to use for traders of all levels.
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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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