The Higher Timeframe Trend Indicator is a useful free Forex indicator for MT4 that helps traders identify the current trend of the market. This popular indicator is easy to use and can be applied to any timeframe. It is one of the most popular free indicators available, and it can be used to make informed trading decisions. The Higher Timeframe Trend Indicator works by analyzing the trend of the market on higher timeframes. It does this by looking at the direction of the closing prices of the currency pair on higher timeframes, such as the 4-hour, daily, and weekly timeframes. By analyzing the trend on higher timeframes, traders can determine the overall direction of the market. This helps them make informed trading decisions and avoid entering trades against the trend. The Higher Timeframe Trend Indicator is a useful free indicator for MT4 that can be used to identify the current trend of the market. It is one of the most popular free indicators available, and it can be used to make informed trading decisions.
Higher Timeframe Trend
The Higher Timeframe Trend Indicator is a useful and popular free Forex indicator for MT4 that helps traders identify the current trend in the market. It uses a combination of different timeframes to determine the current trend direction and strength. The indicator then displays the trend direction and strength as a colored bar. With its simple yet effective design, the Higher Timeframe Trend Indicator is a great tool for any Forex trader.
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Category: Price Action
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.