The Hilow Channel Jurik Double Smooth Forex indicator is a useful and popular MT4 trading tool that is free to download. It is designed to help traders identify the trend direction of the market and determine entry and exit points. The indicator uses a double smoothing algorithm to identify the trend direction and the range of price movement. It also uses a combination of two moving averages to generate signals. The indicator plots two lines on the chart. The first line is the mid-line which is the average of the high and low prices. The second line is the upper and lower channel lines which are calculated by adding and subtracting a certain percentage of the mid-line. The indicator will generate buy and sell signals when the price touches the upper and lower channel lines. It is also useful for identifying support and resistance levels.
MT4
Hilow Channel Jurik Double Smooth
This free Forex indicator is a useful tool for traders looking to identify trends in the MT4 platform. The indicator also provides visual alerts and can be easily adjusted to suit individual trading strategies. The HiLow Channel Jurik Double Smooth indicator is a powerful tool that can help traders maximize their profits.
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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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