Advanced Bollinger Bands Indicator is a popular and free forex indicator for MT4 that offers a wide range of useful features. This indicator is designed to measure market volatility and identify possible trends. It uses two bands, a simple moving average and a standard deviation, to plot the price action of a currency pair. The bands are drawn around the simple moving average, and the distance between the bands is determined by the standard deviation. The upper band shows the maximum price level, while the lower band shows the minimum price level. The Advanced Bollinger Bands Indicator is useful for traders because it helps them identify possible entry and exit points. The indicator can also be used to identify whether the market is in a trend or range-bound. When the bands are wide, it indicates a volatile market. When the bands are narrow, it indicates a market that is consolidating. With its user-friendly features and reliable signals, the Advanced Bollinger Bands Indicator is an indispensable tool for any trader looking to maximize their profits in the forex market.
MT4
Advanced Bollinger Bands
Advanced Bollinger Bands Indicator is a useful and popular MT4 forex indicator that is free to download. The indicator is based on the Bollinger Bands theory, which suggests that prices tend to stay within a certain range. The indicator plots two bands on the chart, one above and one below the moving average. Advanced Bollinger Bands Indicator is a great tool for traders who want to take advantage of market volatility and benefit from potential price movements.
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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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