The Horizontal Grid Lines Indicator is a free and popular tool for traders who use the MetaTrader 4 (MT4) platform. This useful Forex indicator creates horizontal grid lines on the chart, which can be used to identify potential support and resistance levels. It is a great way to quickly identify price levels where the market may reverse direction. The Horizontal Grid Lines Indicator is easy to install and use. All you need to do is drag and drop it onto your MT4 chart. Once it is added, the indicator will automatically draw horizontal grid lines at regular intervals. You can adjust the settings to customize the grid lines, such as the number of lines, the distance between each line, and the color of the lines. The Horizontal Grid Lines Indicator is a great tool for traders who want to identify potential support and resistance levels.
Horizontal Grid Lines
The Horizontal Grid Lines Indicator is a useful and popular free Forex indicator for MT4. It is used by traders to identify potential support and resistance levels on the chart. The indicator draws horizontal lines across the chart at regular intervals, making it easier to identify areas of potential support and resistance. It is a popular choice for traders looking for a reliable and free indicator to help them make more informed trading decisions.
Downloads - 14
0 People watching this product now!
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.