The BB MACD Indicator MT5 is a free and popular Forex indicator that is useful for traders of all levels. It is available for the MT5 platform, which is the most popular Forex trading platform in the world. The BB MACD indicator is a trend following indicator that uses a combination of two moving averages and the MACD histogram to identify the trend direction and strength. The indicator is easy to use and the results are reliable. It uses simple and straightforward calculations to determine the trend direction and strength. The indicator consists of two lines, the main line and the signal line. The main line is a moving average that is calculated by taking the average of the closing prices over a given period of time. The signal line is a moving average of the main line. When the main line crosses above the signal line, it indicates a bullish trend, and when the main line crosses below the signal line, it indicates a bearish trend. It is easy to use and provides reliable results. It is a popular and free indicator that is available for the MT5 platform, making it a great choice for Forex traders.
MT5
BB MACD
The BB MACD MT5 Indicator is a popular and free Forex indicator that is useful for traders of all levels of experience. It works by combining the Moving Average Convergence Divergence (MACD) indicator with the Bollinger Bands (BB) indicator. The BB MACD MT5 Indicator is easy to use and can be downloaded for free from the Indicatorspot website.
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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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