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Home Collection Stochastic MACD BB Dots V6
Momentum Intraday Index
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MACD BB Dots V6

MACD BB Dots V6 indicator is a popular and useful forex indicator for MT4. It combines the MACD and Bollinger Bands indicators to give traders valuable insights into market trends. The indicator plots dots on the chart to indicate potential buy or sell signals based on the crossover of the MACD and Bollinger Bands. It is free to use and can be a valuable tool for forex traders.

Indicator Type

Overbought & Oversold

Trading Style

Intraday

,

Short-term

Timeframe

Multi Timeframe

Platform

MT4

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Description

The MACD BB Dots V6 Indicator is a popular and useful forex indicator for the MT4 platform. This indicator combines the MACD and Bollinger Bands to provide traders with valuable insights into market trends and potential reversals. The indicator displays colored dots on the price chart, indicating buy or sell signals based on the MACD and Bollinger Bands. When the dots change color, it signals potential entry or exit points for trades. Traders can use the MACD BB Dots V6 Indicator to identify strong trends, confirm reversals, and manage their trades effectively. The indicator is easy to use and interpret, making it a valuable tool for both beginner and experienced forex traders. Best of all, the MACD BB Dots V6 Indicator is free to download, making it accessible to all traders looking to enhance their trading strategies.

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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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