The NRTR WATR Histogram Indicator is a popular and useful free Forex indicator for the MT4 platform. It is a technical analysis tool that helps traders identify trend reversals in the market. The indicator is based on the non-repainting NRTR WATR algorithm and uses a histogram to display the trend direction. The indicator works by plotting two lines on the chart – the red line and the green line. The red line represents the trend direction and the green line represents the reversal of the trend. When the red line is above the green line, it indicates a downward trend and when the green line is above the red line, it indicates an upward trend. As the trend progresses, the indicator will display a histogram that will show the strength of the trend. The NRTR WATR Histogram Indicator is easy to use and can be quickly implemented into any trading strategy. It is a great tool for traders of all levels and can help traders make more informed trading decisions. The indicator is free to download and use, making it a great choice for traders who are looking for a reliable and cost-effective trading tool.
MT4
Nrtr Watr Histogram
The NRTR WATR Histogram indicator is a popular and free Forex indicator for MT4. It is designed to help traders identify price reversals and potential entry points in the Forex market. The indicator plots a histogram based on the NRTR (Nick Rypock Trailing Reverse) algorithm. The NRTR WATR Histogram indicator is a great tool for traders looking for an easy and effective way to identify potential entry 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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