The BB with Fractal Deviation Indicator is a useful forex indicator that is popular among traders using the MT4 platform. This indicator is free to use and helps traders identify potential trend reversals in the market. The indicator combines two powerful tools – Bollinger Bands and Fractals – to provide traders with clear buy and sell signals. The Bollinger Bands help traders identify overbought and oversold conditions in the market, while the Fractals help identify potential reversal points. To use the BB with Fractal Deviation Indicator, traders simply need to look for buy or sell signals when the price breaks out of the Bollinger Bands or when a Fractal pattern occurs. This indicator can be used on any currency pair and timeframe, making it a versatile tool for forex traders of all skill levels.
MT4
BB With Fractal Deviation
BB with Fractal Deviation Indicator is a popular and free forex indicator for MT4. It is a useful tool for traders to identify potential trend reversals by combining Bollinger Bands with fractal analysis. The indicator works by measuring deviations within the market trends, providing valuable insights for making informed trading decisions. Use it to enhance your forex trading strategy today.
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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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