The Bands Band Width 2 Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator helps traders identify the width of the Bollinger Bands in order to identify potential price breakouts. The Bollinger Band Width indicator measures the width of the Bollinger Bands relative to the price. When the Band Width is low, the Bollinger Bands are close together and when the Band Width is high, the Bollinger Bands are far apart. This indicator works by measuring the current width of the Bollinger Bands and then compares it with the width of the Bollinger Bands before. If the current width is higher than the previous width, it signals a potential breakout. The Bands Band Width 2 Indicator is easy to use and understand. All you need to do is add the indicator to your chart and it will automatically calculate the Band Width. The indicator is also customizable, allowing you to change the parameters to suit your own trading style. The Bands Band Width 2 Indicator is a popular and free indicator that can be used to help identify potential price breakouts.
MT4
Bands Band Width 2
The Bands Band Width 2 Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator works by measuring the current width of the Bollinger Bands and then compares it with the width of the Bollinger Bands before. The Bands Band Width 2 Indicator is a popular and free indicator that can be used to help identify potential price breakouts.
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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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