The DSS Bressert Indicator is a useful and popular free Forex indicator for MT4. It is based on the Double Smoothed Stochastic algorithm, which was developed by William Blau. The indicator is designed to identify short-term trend reversals and changes in market momentum. It uses two moving averages to smooth out price fluctuations and identify potential entry and exit points. The DSS Bressert Indicator is easy to use and can be applied to any timeframe. It works by combining two moving averages and plotting them as a single line. The indicator also has an adjustable parameter for the period of the moving averages. This allows traders to customize the indicator to their particular trading style. The indicator also includes an adjustable overbought/oversold line that can be used to identify potential entry and exit points. The DSS Bressert Indicator is a popular tool among Forex traders. It is easy to understand and can be used to identify potential trading opportunities.
The DSS Bressert Indicator is a popular and free Forex indicator for the MT4 trading platform. The indicator works by combining two oscillators, the Stochastic Oscillator and the Double Smoothed Stochastic Oscillator, to help identify potential entry and exit points in the market. The indicator is free to download and use, making it a popular choice among Forex traders. It is also easy to install and use, making it a great choice for both new and experienced traders. With the DSS Bressert Indicator, traders can quickly identify potential entry and exit points in the market, allowing them to take advantage of short-term swings in the market.
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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.