The Candles BW Alerts Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). This indicator helps traders identify the direction of the trend and determine the best entry and exit points. It does this by displaying the candle body width (BW) of the last three candles and the current candle. The indicator also provides alerts when a new candle has opened. The Candles BW Alerts Indicator is easy to use. All you need to do is add the indicator to your MT4 chart, select the currency pair you wish to analyze, and adjust the settings to your preferences. The indicator displays a histogram with the candle body width (BW) of the last three candles and the current candle. If the candle body width is increasing, it indicates that the trend is up, and if the candle body width is decreasing, it indicates that the trend is down. The indicator also provides alerts when a new candle has opened. With its easy-to-use interface and reliable signals, the Candles BW Alerts Indicator is a popular choice among Forex traders.
Candles BW Alerts
The Candles BW Alerts Indicator is a useful and popular free Forex indicator for MT4. The indicator works by calculating the body width of each candle and then comparing it to the average of the last N candles. With its easy-to-use features and reliable alerts, the Candles BW Alerts Indicator is a popular and useful tool for any Forex trader.
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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.