The Hilo Lines Indicator is a useful, free Forex indicator for MT4. It is one of the most popular indicators used by traders in the Forex market. The Hilo Lines Indicator is designed to help traders identify and track possible trend reversals in the market. It does this by tracking the high and low price points of a given currency pair over a certain period of time. The Hilo Lines Indicator works by plotting two lines on the chart. The first line is the high line and the second line is the low line. The high line represents the highest price point of the currency pair over the given period of time while the low line represents the lowest price point. When the high line is above the low line, it indicates an uptrend and when the low line is above the high line, it indicates a downtrend. It can be used to identify possible trend reversals, entry and exit points, and potential support and resistance levels. This indicator is free to download and use with MT4 and is a popular choice for traders in the Forex market.
The Hilo Lines indicator is a powerful and useful tool for Forex traders. The Hilo Lines indicator uses a combination of moving averages and high and low points to plot two lines on the chart. It is easy to use, and provides a clear and concise view of the current trend.
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Category: Support & Resistance
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.