The ADX Smoothed Histogram Indicator is a popular and useful free Forex indicator for the MT4 platform. This indicator is designed to measure the strength of a trend, and to help traders identify when momentum is changing. It does this by smoothing out the peaks and troughs of the ADX indicator, making it easier to read. The indicator will display a histogram that changes color depending on the trend. Red bars indicate a downward trend, while green bars indicate an upward trend. The indicator also includes a line that crosses above and below the histogram, which can be used to identify trend reversals. The ADX Smoothed Histogram Indicator is easy to use and understand. To use it, traders simply need to look for the color of the histogram bars. If the bars are red, it means that the trend is bearish. If the bars are green, it means that the trend is bullish. The line that crosses above and below the histogram can also be used to identify potential trend reversals. When the line crosses above the histogram, it indicates that the trend may be reversing to the upside. Conversely, when the line crosses below the histogram, it indicates that the trend may be reversing to the downside.
MT4
ADX Smothed Histogram
The ADX Smoothed Histogram Indicator is a useful and popular free Forex indicator for MT4. It works by plotting the average directional index (ADX) on a histogram. The ADX Smoothed Histogram Indicator is easy to use and interpret. The ADX Smoothed Histogram Indicator is a great tool for traders who want to identify and follow trends 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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