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
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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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