The Precision Trend Histogram Indicator MT5 is a free and popular Forex indicator that is useful for traders. This indicator is available for the MetaTrader 5 platform and is designed to analyze the trend and momentum of the market. It displays the trend direction and momentum in a histogram form, allowing traders to quickly identify the trend and make better trading decisions. The Precision Trend Histogram Indicator MT5 is easy to use and understand. It displays a histogram with two colors, green and red. The green color indicates a bullish trend, while the red color indicates a bearish trend. The histogram also shows the momentum of the trend, allowing traders to identify when the trend is strong or weak. Overall, the Precision Trend Histogram Indicator MT5 is a useful and popular Forex indicator that is free and easy to use. It is designed to help traders identify the trend direction and momentum quickly, as well as identify potential entry and exit points. It is also helpful for determining the strength of the trend and identifying potential support and resistance levels.
Precision Trend Histogram
The Precision Trend Histogram Indicator MT5 is a powerful and popular free Forex indicator that is useful for traders of all levels. It is designed to help traders identify trend reversals and changes in momentum, making it easier to make informed trading decisions. The indicator uses a histogram to display the trend direction and momentum of the market. It is easy to use and understand, making it a popular choice for many traders.
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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.