The Inside Outside Bar Indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator is designed to identify significant price movements and levels of support and resistance. It works by plotting two lines on the chart, one green and one red. If the green line is higher than the red line, it is an indication of a bullish sentiment in the market, and if the red line is higher than the green line, it is an indication of a bearish sentiment. The Inside Outside Bar Indicator is a great tool for identifying potential entry and exit points in the market. The Inside Outside Bar Indicator is easy to use and can be quickly implemented into any trading strategy. It can be used to identify breakouts, reversals, and trend continuations. It can also be used to identify potential support and resistance levels. The indicator is also useful for identifying potential price targets. The Inside Outside Bar Indicator is a great tool for any trader looking to improve their trading performance.
Inside Outside Bar
The Inside Outside Bar Indicator is a popular and useful free Forex indicator for MetaTrader 4 (MT4). It is used to identify price reversal patterns. The indicator shows the high and low of the last two bars, and then draws a line between them. If the current bar is outside the line, it is considered an outside bar, and if it is inside the line, it is considered an inside bar. This indicator is useful for spotting potential price reversals. It is easy to use and can help traders make more informed decisions when trading Forex.
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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.