The BB Squeeze Indicator is a popular and useful forex indicator designed for use on the MetaTrader 4 platform. This indicator is widely used by traders to identify periods of low volatility in the market, which often precede significant price movements. The BB Squeeze Indicator works by combining Bollinger Bands with Keltner Channels to visually represent when the market is experiencing a squeeze. When the Bollinger Bands move inside the Keltner Channels, it indicates that the market is experiencing a period of low volatility. Traders can use this information to anticipate potential breakouts or trend reversals. The indicator is free to download and easy to install on the MT4 platform, making it a popular choice among forex traders. By using the BB Squeeze Indicator, traders can gain valuable insight into market conditions and make more informed trading decisions.
Bb Squeeze
BB Squeeze Indicator is a useful forex indicator for MT4. This popular and free indicator works by identifying periods of low volatility in the market, indicating a potential breakout. Traders can use the BB Squeeze Indicator to time their entries and exits, maximizing profits. By understanding how to interpret the indicator, traders can make more informed decisions in their forex trading.
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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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