The Bubble and Drops Indicator is a popular and useful tool for Forex traders. It is a free and easy to use indicator for the MT4 trading platform. The indicator uses a combination of price action and volatility to identify potential trading opportunities in the Forex market. The indicator works by plotting bubbles on the price chart. The size of the bubbles indicates the strength of the underlying trend. If the bubble is large, it indicates a strong trend, while a smaller bubble indicates a weaker trend. The color of the bubbles also provides additional information about the trend. A green bubble indicates a bullish trend, while a red bubble indicates a bearish trend. The indicator also includes a “drops” feature, which helps traders identify potential reversals in the market. The drops are plotted on the chart and indicate when the trend may be losing momentum. Traders can use this information to enter trades in the direction of the trend or to exit trades when the trend is losing strength. The indicator is free and easy to use on the MT4 trading platform, making it a popular choice for Forex traders.
Bubble And Drops
The Bubble and Drops Indicator is a useful and popular free Forex indicator for the MT4 platform. The indicator is easy to use and can be used in any time frame. It is a popular tool among Forex traders and can be used to identify potential trading opportunities in any market.
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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.