The Spread High Low Indicator is a popular and useful forex indicator for the MT4 platform. It is a free tool that helps traders monitor the spread between the high and low prices of a currency pair, allowing them to make more informed trading decisions. This indicator works by displaying the spread as a line on the chart, showing traders when the spread is widening or narrowing. Traders can use this information to gauge market volatility and potential trading opportunities. To use the indicator, simply download and install it on your MT4 platform. Once installed, the spread high low line will appear on your chart, providing you with valuable insights into market conditions. Overall, the Spread High Low Indicator is a valuable tool for forex traders looking to optimize their trading strategy.
MT4
Spead High Low
Spread High Low Indicator is a useful forex indicator for MT4 that shows the highest and lowest spread for the selected time frame. It is a popular choice among traders as it provides valuable information for trading decisions. This free indicator can be easily installed and used to monitor spread fluctuations, helping traders to optimize their trading strategies.
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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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