Watch the testing video here:
Ehlers Histogram Oscillator Indicator
Introduction to the Ehlers Histogram Oscillator Indicator
The Ehlers Histogram Oscillator indicator, as the name suggests, shows Ehlers signals in the form of histogram bars.
These signals are really easy to read: simply the blue bars mean opportunities for buy trades, and the red bars mean opportunities for sell trades.
The EHO can work as a filter for trade entries and exits.
That indicator is displayed in a separate window placed just below the main trading chart.
It fits all kinds of timeframes and currency pairs.
The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.
How to set up the Ehlers Histogram Oscillator indicator in MT4?
Download the Ehlers Histogram Oscillator.rar archive at the bottom of this post, unpack it, then copy and paste the Ehlers Histogram Oscillator.ex4 or Ehlers Histogram Oscillator.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.
You can gain access to this folder by clicking the top menu options, which goes as follows:
File > Open Data Folder > MQL4 > Indicators (paste here).
Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.
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