The Hool High Open Open Low Indicator is a useful tool for forex traders using the MetaTrader 4 (MT4) platform. This popular indicator is free to download and can provide valuable insights into market trends. The indicator works by calculating the difference between the high of the current candle and the open of the previous candle, as well as the difference between the open of the current candle and the low of the previous candle. This information can help traders identify key support and resistance levels, as well as potential entry and exit points for their trades. Overall, the Hool High Open Open Low Indicator is a valuable tool for forex traders looking to gain a better understanding of market dynamics. With its user-friendly interface and accurate calculations, this indicator can help traders navigate the complexities of the forex market with ease.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/02/Hool-High-Open-Open-Low-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/02/Hool-High-Open-Open-Low-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/02/Hool-High-Open-Open-Low-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/02/Hool-High-Open-Open-Low-screenshot-3-230x144.png)
Hool High Open Open Low
The HOOL (High Open and Open Low) Indicator is a useful tool for forex traders using the MT4 platform. This popular and free indicator helps traders identify potential entry and exit points by highlighting the high open and open low levels on the chart. By understanding these key price levels, traders can make more informed trading decisions.
Timeframe | , |
---|---|
Platform | |
Trading Style | , , |
Indicator Type |
0
People watching this product now!
Category: Stochastic
Downloads - 36
Description
Reviews (0)
Be the first to review “Hool High Open Open Low” Cancel reply
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.
Related products
Pullback Factor
Pullback Factor Indicator is a popular and new trend-following indicator designed for use in the forex market. It helps you to identify the end of a trend retracement and the resumption of the trend. With its unique algorithm, the indicator predicts the extent of a trend pullback, enabling traders to enter the market with precision and accuracy.
Volatility Quality
The Volatility Quality Indicator is a useful and popular free Forex indicator for MT4 that helps traders identify the best entry and exit points in the market. This indicator is based on the ratio of the price range of a given period to the average true range of the same period. It helps traders determine the quality of the volatility of a currency pair. It is also a great tool for identifying support and resistance levels. The Volatility Quality Indicator is a great way to make informed decisions when trading Forex.
Qualitative Quantitative Estimation
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
MACD Divergence
The MACD Divergence Indicator is a powerful tool that helps traders identify trend reversal points in the market. It is a popular and free indicator that is compatible with the MT4 platform. This new indicator plots divergences between the MACD indicator and the price on your chart, making it easy to spot potential trend reversals. It works by measuring the difference between two moving averages, and traders can use it to identify bullish or bearish divergences. With its ability to identify trend reversal points, this indicator is useful for both beginner and advanced traders.
MACD True
The MACD True Indicator is a popular and useful MT4 forex indicator that helps traders identify trends and momentum in the market. It is a modified version of the traditional MACD indicator that incorporates a color-coded histogram to provide more visual cues for traders. This indicator works by measuring the difference between two moving averages, and it is often used in conjunction with other technical indicators to confirm trading signals. Traders of all levels can benefit from using the MACD True Indicator in their trading strategies.
Volatility Quality Zero
The Volatility Quality Zero Line Indicator is a new, popular and free forex indicator available on MT4 that determines the volatility quality of a financial instrument by measuring the relationship between the average true range and the true range. It draws a zero line, which serves as a guide to determine the direction of the trend, and traders can enter or exit positions based on its crossing. The Volatility Quality Zero Line indicator is a useful powerful tool that will definitely take your trading experience to the next level.
Reviews
There are no reviews yet.