The Higher High Lower Low Stochastic Indicator is a popular and free Forex indicator that is used to identify potential buying and selling points in the market. It is a useful tool for traders looking to identify potential price reversals and is commonly used in conjunction with other technical indicators. The Higher High Lower Low Stochastic Indicator is based on the Stochastic Oscillator, which is a momentum indicator that measures the speed and momentum of price movements. The indicator consists of two lines: the higher high line and the lower low line. The higher high line is calculated by comparing the current high price to the previous high price. The lower low line is calculated by comparing the current low price to the previous low price. When the higher high line is above the lower low line, it indicates that the price is in an uptrend. Conversely, when the higher high line is below the lower low line, it indicates that the price is in a downtrend. The Higher High Lower Low Stochastic Indicator is available for free on the MT4 platform and can be used to identify potential buying and selling points in the Forex market.
Higher High – Lower Low Stochastic
The Higher High Lower Low Stochastic Indicator is a useful and popular free Forex indicator for MT4 traders. It works by comparing the current closing price with the highest and lowest closing prices over a given period of time. The indicator then plots a line to show the trend of the current price action. The indicator is useful for traders who want to identify potential trend reversals, as well as for those who want to measure the strength of the current trend.
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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.