The Range Bound MA Indicator is a useful and popular free Forex indicator for the MT4 platform. It is based on the Moving Average, which is one of the most popular indicators used by traders. The Range Bound MA Indicator helps traders identify the range of the market and the direction of the trend. It also provides valuable information about the strength of the trend and the potential for a reversal. The Range Bound MA Indicator is based on a combination of Moving Averages. The indicator uses two different Moving Averages, one for the range and one for the trend. The range MA is set to a shorter period, while the trend MA is set to a longer period. This helps to identify the range and the trend of the market. With this powerful indicator, traders can easily identify the range of the market and the direction of the trend, helping them make better trading decisions.
Range Bound MA
The Range Bound MA Indicator is a useful and popular free MT4 Forex indicator that helps traders identify range-bound markets. The indicator plots two Moving Averages on the chart, one for each side of the range. The Range Bound MA Indicator is a great tool for traders who trade range-bound markets and can help traders identify when a currency pair is in a range-bound state.
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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.