The HAMA Step Histogram indicator is a useful tool for forex traders using the MetaTrader 4 platform. This popular indicator is both effective and free to use, making it a valuable addition to any trader’s toolbox. The HAMA Step Histogram indicator works by measuring the current trend in the market and displaying it as a histogram on the chart. Traders can use this information to identify potential entry and exit points, as well as to gauge the strength of the current trend. To use the HAMA Step Histogram indicator, simply add it to your chart in MT4 and customize the settings to fit your trading strategy. Look for changes in the color and height of the histogram bars to signal potential trading opportunities. Overall, the HAMA Step Histogram indicator is a powerful tool for forex traders looking to improve their trading results.
MT4
Hama Step Histogram
HAMA Step Histogram Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy and simplicity. This free indicator helps traders identify trends and potential entry points by displaying histogram bars that change color based on market conditions. Traders can use this indicator to make informed trading decisions and improve their overall trading strategy.
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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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