The Bollinger Squeeze Advanced Indicator is a popular and useful tool for Forex traders. It is a free indicator for the MetaTrader 4 (MT4) platform that helps traders identify potential trading opportunities. The Bollinger Squeeze Advanced Indicator works by measuring the price volatility of a currency pair. When the price is in a tight range, the indicator will generate a squeeze signal. This signal is used to identify potential breakouts in the market. The Bollinger Squeeze Advanced Indicator is easy to use and understand. It is composed of two bands, one upper band and one lower band. The upper and lower bands are determined by calculating the standard deviation of the price. When the price is in a tight range, the bands will be close together, indicating a squeeze. When the bands move apart, it signals that the price is beginning to move in one direction or another. The Bollinger Squeeze Advanced Indicator is a great tool for traders looking to identify potential trading opportunities. It is a free indicator for MT4 and can be used to identify breakouts in the market.
MT4
Bollinger Squeeze Advanced
The Bollinger Squeeze Advanced Indicator is a popular and useful Forex indicator for the MT4 platform. The Bollinger Squeeze Advanced Indicator works by using two bands that squeeze together to form a trading range. The indicator also provides an alert when the bands begin to move apart, signaling a potential trading opportunity. The Bollinger Squeeze Advanced Indicator is a great tool for traders to use to help identify trading opportunities in the Forex market. It is easy to use, free, and provides useful insights into potential trading opportunities.
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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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