The Hawkeye Volume Indicator is a popular and free Forex indicator used by many traders. It is designed to provide a reliable and useful analysis of volume activity in the Forex markets. The indicator works by analyzing the volume of trades that occur during a given period of time and then providing a visual representation of the data. The indicator works by displaying the volume of trades that occur on the chart in a histogram. The histogram shows the number of trades that occur in each time frame, allowing traders to quickly identify the direction of the trend. The indicator is easy to install and use, allowing traders to quickly set up and begin using the indicator. Once installed, the indicator will display the volume of trades that occur in each time frame on the chart. The Hawkeye Volume Indicator is a useful tool for traders who are looking to identify the direction of the trend and make informed trading decisions. The indicator is free to use and provides a reliable and useful analysis of the volume activity in the Forex markets.
The Hawkeye Volume Indicator is a useful and popular free Forex indicator for MT4 that helps traders make better trading decisions. This indicator uses price and volume to identify potential market reversals and breakouts. It takes into account the buying and selling pressure of the market, as well as the volume of trades. By analyzing these factors, the indicator can help traders to identify potential trading opportunities.
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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.