The HLC Trend Indicator is a useful and popular free Forex indicator for MT4 that is designed to help traders identify and follow trends in the Forex market. The indicator uses a combination of the High-Low-Close (HLC) bars and a simple Moving Average (MA) to identify the trend direction. The indicator plots a line on the chart that represents the current trend. The line is colored blue for an uptrend and red for a downtrend. The indicator is easy to use and can be used on any timeframe. It is especially useful for traders who prefer to follow the trend and trade with the trend. The indicator helps traders identify the trend and can be used to confirm the direction of the trend. The indicator can be used to identify potential entry and exit points for trades. The HLC Trend Indicator is a great tool for both novice and experienced traders. It is easy to use and can be used on any timeframe. It is a great way to identify the trend and can be used to confirm the direction of the trend. The indicator is free and can be downloaded from the MT4 platform. It is a popular and useful tool for Forex traders and is highly recommended.
The HLC Trend Indicator is a popular and free Forex indicator for MetaTrader 4 (MT4). This indicator is based on the Heikin-Ashi Smoothing technique, which is used to identify trends in the market. The indicator is composed of two lines, the main line and the signal line. The main line is used to identify the current trend of the market while the signal line is used to generate buy and sell signals. It is a great tool for traders who want to stay ahead of the market and make profitable trades.
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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.