The Highest Lowest Indicator is a useful and popular free Forex indicator for the MT4 platform. It is designed to help traders identify the highest and lowest points of a given currency pair, allowing them to make more informed decisions about when to enter and exit trades. The Highest Lowest Indicator works by plotting two lines on the chart: the highest point and the lowest point. The highest point is the highest price that the currency pair has reached in the past, while the lowest point is the lowest price that the currency pair has reached in the past. These two points are then used to determine the support and resistance levels of the currency pair. To use the Highest Lowest Indicator, traders simply need to add it to their MT4 chart. Once it is added, the indicator will automatically plot the highest and lowest points on the chart. Traders can then use these points to determine where they should enter and exit trades. Overall, the Highest Lowest Indicator is a useful and popular free Forex indicator for the MT4 platform.
The Highest Lowest Indicator is a powerful and free Forex indicator for MT4 that is popular among traders. This indicator works by plotting a line that connects the highest and lowest points of a trend, allowing traders to easily identify the trend’s direction. It also displays the current trend’s highest and lowest points, allowing traders to quickly and easily identify entry and exit points. With its simple and intuitive design, it is a popular choice among traders who want to make informed trading decisions.
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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.