The LRMA-BB Forex Indicator is a useful, free, and popular MT4 indicator that helps traders identify trends in the Forex market. It is a trend-following tool that uses two moving averages, the Linear Regression Moving Average (LRMA) and the Bollinger Bands (BB). The LRMA-BB indicator works by calculating the difference between the LRMA and the upper and lower Bollinger Bands. When the LRMA is above the upper BB, it indicates an uptrend, and when it is below the lower BB, it indicates a downtrend. The indicator also displays the strength of the trend by displaying the distance between the LRMA and the BB. The LRMA-BB indicator is easy to use and requires no manual input. It can be used as a standalone indicator or combined with other indicators to form a complete trading system. The indicator is available for free on the MT4 platform and is popular among traders. It is a great tool for identifying potential entry and exit points in the Forex market. With the LRMA-BB indicator, traders can easily spot trends and make informed trading decisions.
The LRMA-BB Forex indicator is a useful and popular free MT4 indicator that is designed to help traders make better trading decisions. It does this by combining two different moving averages and displaying the results on a chart. The indicator works by combining the Exponential Moving Average (EMA) and the Linear Regression Moving Average (LRMA). The LRMA-BB indicator is a great tool for any trader who wants to improve their trading performance.
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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.