The Highest Lowest Indicator MT5 is a popular and free forex indicator that can be used to identify potential trading opportunities in the forex market. This indicator is especially useful as it helps traders identify potential entry and exit points in the forex market. It does this by plotting the highest and lowest points of a given period of time on the chart. This makes it easier for traders to spot when the market is trending and when it is consolidating. The indicator also plots the average of the highest and lowest points, which can be used to help traders determine when to enter and exit the market. The Highest Lowest Indicator MT5 is simple to use and understand, making it a popular choice among forex traders. All that is required is to add the indicator to the chart and select the desired time frame. Once the indicator is added, traders can view the highest and lowest points of the selected period and use these to identify potential trading opportunities. The indicator also plots the average of these points, which can be used to determine when to enter and exit the market. With this indicator, traders can easily identify when the market is trending and when it is consolidating, allowing them to make informed trading decisions.
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Highest Lowest
The Highest Lowest Indicator MT5 is a popular and free Forex indicator that is useful for traders of all skill levels. It displays the highest and lowest values of a currency pair in a chart, allowing traders to quickly identify potential entry and exit points. The Highest Lowest Indicator MT5 is a great tool for both beginners and experienced traders, offering a comprehensive and easy to use solution for analyzing the Forex market.
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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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