Momentum ATR Histogram Indicator is a useful and popular Forex indicator for MT4. It is free to download and use, making it a great choice for any Forex trader. The Momentum ATR Histogram Indicator is designed to measure the momentum of a currency pair and to display it in a visual way. The indicator displays a histogram which is based on the ATR (Average True Range) of the currency pair. The histogram is colored green when the momentum is rising and red when the momentum is falling. This makes it easy to spot potential entry and exit points in the market. The Momentum ATR Histogram Indicator is easy to use and understand. It can be used to identify trends in the market and to spot potential entry and exit points. The indicator is also useful for spotting divergences and can be used to confirm other indicators. It is also a great tool for determining the strength of a trend and for gauging the momentum of a currency pair. The Momentum ATR Histogram Indicator is a great tool for any Forex trader. It is easy to use and understand and can be used to identify trends in the market and to spot potential entry and exit points. It is free to download and use, making it a great choice for any Forex trader.
MT4
Momentum ATR Histogram
The Momentum ATR Histogram Indicator is a powerful and useful Forex indicator for MT4. It is a popular and free indicator that can be used to identify market trends and momentum. The indicator is designed to measure the momentum of a given currency pair by looking at the Average True Range (ATR) of the price.
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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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