The Bulls vs Bears Indicator is a useful and popular free forex indicator for MT4. It helps traders to identify the strength of buyers and sellers in the market. This indicator measures the difference between the number of bullish candles and bearish candles in the market. It’s a simple yet powerful tool that can be used to identify trend reversals and potential buying and selling opportunities. The indicator is easy to use and can be downloaded for free from the MT4 platform. Once added to a chart, the indicator will display a histogram showing the number of bullish candles and bearish candles in the market. If the histogram is above the zero line, it indicates that there are more bulls in the market, while a histogram below the zero line indicates that there are more bears in the market. The Bulls vs Bears Indicator is a useful and popular free forex indicator for MT4 that can be used to identify potential buying and selling opportunities.
MT4
Bulls Vs Bears
The Bulls vs Bears Forex Indicator is a popular and free tool for traders that use the MetaTrader 4 platform. It does this by plotting a histogram that shows the difference between bullish and bearish traders. A positive value indicates that more bulls are in the market while a negative value indicates that more bears are in the market. The indicator is easy to use and can be applied to any currency pair. The Bulls vs Bears Forex Indicator is a useful tool for traders of all levels and can help them make better trading decisions.
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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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