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Home Collection Stochastic BB Flat SW
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BB Flat SW

The BB Flat SW indicator is a useful and popular tool for Forex traders. It also helps traders identify support and resistance levels. It is a popular indicator for Forex traders and is available for free on MT4.

Platform

MT4

Indicator Type

Reversal

Trading Style

Intraday

Timeframe

Multi Timeframe

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  • Description
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  • How to Install
Description

The BB Flat SW Indicator is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) platform. It is a trend-following indicator that helps traders to identify potential trading opportunities in the market. The indicator is based on the flat market theory and uses a combination of two simple moving averages (SMA) and Bollinger Bands (BB) to generate trading signals on the chart. When the moving averages cross, the BB Flat SW Indicator generates a buy or sell signal. The buy signal is generated when the shorter SMA crosses above the longer SMA, and the sell signal is generated when the shorter SMA crosses below the longer SMA. When the price is within the Bollinger Bands, the indicator generates a neutral signal. The indicator is easy to use and customizable, allowing traders to adjust the parameters to suit their trading style. The indicator is free and can be downloaded from the MT4 platform.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

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