The DIBS Indicator for MT4 is a popular and useful tool for forex traders. This indicator helps traders identify key levels in the market where price action may reverse or continue. The DIBS Indicator is free to download and easy to install on the MetaTrader 4 platform. The way the DIBS Indicator works is by drawing horizontal lines on the chart at the high and low of the previous trading session. These levels can act as support or resistance during the current trading session. Traders can use these levels to set stop-loss and take-profit levels, as well as to identify potential entry and exit points. Overall, the DIBS Indicator for MT4 is a valuable tool for forex traders looking to improve their trading strategy and make more informed trading decisions.
MT4
Dibs Indicator
The DIBS Indicator for MT4 is a useful forex indicator that is popular among traders for its free availability. This indicator works by identifying daily high and low price levels, creating potential entry and exit points for traders. It is easy to use and can be a valuable tool in analyzing market trends and making informed trading decisions.
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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.
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