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Home Collection Stochastic DSL Weighted Bulls Bears Smoothed
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DSL Weighted Bulls Bears Smoothed

The DSL Weighted Bulls Bears Smoothed Indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator uses a weighted combination of bulls and bears to generate signals and quickly identify trend changes in the market. The indicator is based on a complex algorithm which takes into account multiple factors such as price, volume, and volatility. It is a great tool for traders looking to quickly identify market trends and make informed trading decisions.

Indicator Type

Overbought & Oversold

Trading Style

Intraday

,

Short-term

Timeframe

H1-H4

,

M15-M30

Platform

MT4

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  • How to Install
Description

The DSL Weighted Bulls Bears Smoothed Indicator is a useful and popular Forex indicator for the MT4 platform. It is free to download and use, and provides traders with an easy way to identify potential market trends. The indicator is based on the weighted average of the bullish and bearish bars, smoothing out the price action to provide a more accurate representation of the market. The indicator is easy to use and understand. It displays the weighted average of the bullish and bearish bars in a single line. When the line is rising, it indicates that the bulls are in control of the market, while a falling line suggests that the bears are in control. The indicator also provides traders with a visual representation of the current trend, so they can easily make decisions about whether to enter or exit a trade. Overall, the DSL Weighted Bulls Bears Smoothed Indicator is a useful and popular Forex indicator for the MT4 platform. It is free to download and use, and provides traders with an easy way to identify potential market trends. With its adjustable weighting and visual representation of the current trend, the indicator is a great tool for any trader looking to make informed decisions about their trades.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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