The Bollinger Squeeze Advanced Indicator MT5 is a popular and free forex indicator that is useful for traders who want to identify potential trading opportunities. The indicator is based on the idea that when the market is in a tight range, a breakout is likely to occur. The Bollinger Squeeze Advanced Indicator MT5 uses Bollinger Bands to measure the volatility of the market and identify when a breakout is likely to occur. The indicator is composed of two bands which are placed around the price action of the asset. The upper band is set two standard deviations above the 20-period moving average, while the lower band is set two standard deviations below the same moving average. When the upper and lower bands are close together, it is an indication that the market is in a tight range and a breakout is imminent. When the price action moves outside the bands, it is an indication that a breakout is occurring and traders can look to enter a trade. The Bollinger Squeeze Advanced Indicator MT5 is a useful tool for traders who are looking to identify potential trading opportunities. It is easy to use and can be integrated into any trading strategy.
MT5
Bollinger Squeeze Advanced
The Bollinger Squeeze Advanced Indicator MT5 is a popular and free forex indicator that is useful for traders who want to identify potential trading opportunities. The indicator is composed of two bands which are placed around the price action of the asset. The upper band is set two standard deviations above the 20-period moving average, while the lower band is set two standard deviations below the same moving average. It is easy to use and can be integrated into any trading strategy
Trading Style | , |
---|---|
Indicator Type | |
Timeframe | , , |
Platform |
0
People watching this product now!
Category: Stochastic
Downloads - 36
Description
Reviews (0)
Be the first to review “Bollinger Squeeze Advanced” Cancel reply
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.
Related products
Woodies CCI Arrows Oscillator
The Woodies CCI Arrows Oscillator Indicator is a popular MT4 technical analysis tool used by forex traders to identify trends and potential entry and exit points wich based on the Woodies CCI system, which helps traders to identify when a trend is strong and when it may be weakening. The arrows on the indicator show when the price is moving in a particular direction, and the oscillator provides additional confirmation of the trend's strength. The Woodies CCI Arrows Oscillator Indicator is a valuable addition to any trader's toolkit, and it can help traders make better-informed trading decisions.
Currency Pairs Correlation
The Currency Pairs Correlation indicator is a free and popular tool for forex traders available on MT4 platform. It shows the correlation between various currency pairs, helping traders identify potential trading opportunities and manage their portfolio risk. The indicator calculates correlation coefficient between selected currency pairs and displays it as a color-coded matrix. The Currency Pairs Correlation indicator can be used by both novice and experienced traders to get a better understanding of market dynamics and make more informed trading decisions.
MACD True
The MACD True Indicator is a popular and useful MT4 forex indicator that helps traders identify trends and momentum in the market. It is a modified version of the traditional MACD indicator that incorporates a color-coded histogram to provide more visual cues for traders. This indicator works by measuring the difference between two moving averages, and it is often used in conjunction with other technical indicators to confirm trading signals. Traders of all levels can benefit from using the MACD True Indicator in their trading strategies.
Pullback Factor
Pullback Factor Indicator is a popular and new trend-following indicator designed for use in the forex market. It helps you to identify the end of a trend retracement and the resumption of the trend. With its unique algorithm, the indicator predicts the extent of a trend pullback, enabling traders to enter the market with precision and accuracy.
Reviews
There are no reviews yet.