The HighLow Custom Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) trading platform. This indicator is designed to help traders identify and take advantage of high and low price points in the market. It does this by displaying a visual representation of the current high and low prices of a currency pair over a given period of time. The HighLow Custom Indicator utilizes a range of technical analysis techniques to accurately identify and display highs and lows. It takes into account a variety of factors such as price action, volume, and volatility to identify potential high and low points in the market. This makes it an invaluable tool for traders looking to take advantage of market trends.
MT4
HighLow Custom
The HighLow Custom Indicator is a popular and free Forex indicator for the MT4 platform. The indicator uses a combination of trend lines, support and resistance levels, and other technical indicators to help traders identify entry and exit points. It also helps traders identify the right time to enter or exit a trade. The HighLow Custom Indicator is a great tool for traders who are looking to maximize their profits and minimize their risks.
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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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