The Daily H-L Indicator is a popular and free Forex indicator for the MT4 platform. It is a useful tool that can help traders identify potential trading opportunities in the Forex market. The indicator works by plotting the high and low price levels of the previous day on the current trading day. This allows traders to quickly see the range of the previous day’s trading activity and use it to make informed trading decisions. The indicator is easy to use and can be quickly integrated into any trading strategy. To use the indicator, traders simply need to attach it to a chart and select the desired time frame. The indicator will then plot the high and low price levels of the previous day on the chart. Traders can then use this information to identify potential trading opportunities. For example, if the previous day’s high and low levels are close together, it could indicate that the market is consolidating and a breakout may be imminent. On the other hand, if the high and low levels are far apart, it could indicate that the market is trending and a pullback may be in order. The Daily H-L Indicator is a useful and popular tool for Forex traders. It can help traders quickly identify potential trading opportunities in the Forex market and make informed decisions.
MT4
Daily HL
The Daily High Low Indicator is a popular and free Forex indicator for MT4 platform. This useful tool provides traders with a clear view of the daily high and low prices of the currency pair they are trading. The indicator is easy to install and use, and it can be used on any currency pair. It is also highly customizable, allowing traders to adjust the display of the indicator to their own preferences. The indicator provides an accurate view of the daily high and low prices, allowing traders to determine the best entry and exit points for their trades.
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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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