The Bollinger Bands Waddah Attar indicator is a popular and useful tool for forex traders who use the MT4 platform. This indicator combines the Bollinger Bands and the Waddah Attar Explosion indicator to help traders identify potential trends and reversals in the market. The Bollinger Bands help to identify overbought and oversold conditions, while the Waddah Attar Explosion indicator helps to confirm trend strength. When used together, these indicators can provide valuable insights into market movements. Traders can use the Bollinger Bands Waddah Attar indicator by looking for confluence between the two indicators. For example, a trader may wait for the price to touch the upper or lower Bollinger Band while the Waddah Attar indicator confirms the trend strength. This can help traders make more informed trading decisions and improve their overall forex strategy. Best of all, this indicator is free to use for MT4 traders.
MT4
Bollinger Bands Waddah Attar
Bollinger Bands Waddah Attar Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator works by using Bollinger Bands to identify potential buy and sell signals in the market. Traders can use this indicator to help guide their trading decisions and improve their overall trading performance.
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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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