The i-Trend Histogram is a popular and useful forex indicator designed for the MT4 platform. It provides traders with valuable insights into market trends by displaying the strength of the current trend in histogram form. This indicator is free to use and easy to understand, making it a favorite among forex traders of all levels. The i-Trend Histogram calculates the difference between two moving averages to determine the strength of the trend. A positive value indicates a bullish trend, while a negative value indicates a bearish trend. Traders can use the i-Trend Histogram to confirm trend direction, identify potential trend reversals, and make informed trading decisions. By incorporating this powerful indicator into your trading strategy, you can increase your chances of success in the forex market.
MT4
I Trend Histogram
I Trend Histogram Indicator for MT4 is a popular and useful forex indicator that is free to use. This indicator works by displaying the trends in the market through a histogram, making it easier for traders to make informed decisions. It can be used to identify trend changes and potential entry and exit points in the forex market.
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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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