The IBands Width Indicator is a popular free Forex indicator for MT4 that is useful for measuring the width between the Upper and Lower Bands of the Bollinger Band. It is a technical analysis tool that helps traders identify the strength of a trend and the momentum of price action. The indicator plots a line that oscillates between 0 and 100. When the line is at 0, it indicates that the Upper and Lower Bands are close together, indicating low momentum and a weak trend. When the line is at 100, it indicates that the Upper and Lower Bands are far apart, indicating high momentum and a strong trend. The IBands Width Indicator is a useful tool for Forex traders as it helps identify the strength of a trend. It is especially useful for day traders who are looking to capitalize on short-term movements in the market. The indicator can also be used to identify potential reversal points in the market. By watching for the indicator to reach extreme levels, traders can anticipate when a trend is about to reverse. Overall, the IBands Width Indicator is a popular and useful tool for Forex traders. It can help traders identify the strength of a trend and the momentum of price action. The indicator is free and can be quickly added to any MT4 chart. It can also be customized to fit the user’s needs, making it a powerful tool for any trader.
MT4
Ibands Width
The iBands Width Indicator is a popular free Forex indicator for the MT4 platform. The indicator shows the width of the Bollinger Bands in pips and points. It is also capable of displaying the width in percentage. The indicator is easy to use and it is a popular choice among Forex traders.
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Categories: Signal, Stochastic
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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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