The BSI Trend Indicator MT5 is a free and popular Forex indicator that is used by traders worldwide. The BSI Trend Indicator MT5 is a useful tool for traders looking to identify market trends and make informed trading decisions. It is a MetaTrader 5 indicator that uses a combination of momentum and volume analysis to identify potential trend reversals. The BSI Trend Indicator MT5 is designed to be used in both short and long-term trading. It works by analyzing the volume and momentum of the market and then displaying the results in an easy-to-read graph. This graph shows the current trend, whether it is a bullish or bearish trend, and can be used to identify potential entry and exit points. The indicator also includes alerts that can be used to notify traders when a trend is about to reverse. It is free, easy to set up, and can be used to identify potential entry and exit points. It is a popular and useful indicator that is used by many traders around the world.
MT5
BSI Trend
The BSI Trend Indicator MT5 is a powerful and popular free Forex indicator. It is a useful tool for traders, as it helps them identify the trend of the market and make informed trading decisions. The indicator is based on the Bollinger Bands and is designed to show the trend direction and strength. The BSI Trend Indicator MT5 is a powerful and popular free Forex indicator that is useful for traders of all levels. It is easy to install and use, and is able to identify the trend direction and strength of any currency pair.
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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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