Complex Balance Ext is a free and popular Forex indicator for MT4 that is useful for analyzing the market. The indicator was developed to help traders identify the balance between buyers and sellers in the market. It plots a histogram that shows the difference between the two sides. The indicator is based on the idea that when there is a balance between buyers and sellers, the market is more likely to move in a certain direction. The indicator also shows when the market is overbought or oversold. The Complex Balance Ext indicator is easy to use and understand. It can be enabled on the chart by selecting the “Complex Balance Ext” option from the “Indicators” menu. Once enabled, the indicator will plot a histogram on the chart that shows the difference between buyers and sellers. When the histogram is positive, it indicates that the buyers are in control of the market. When the histogram is negative, it indicates that the sellers are in control of the market. It can be used to identify the balance between buyers and sellers in the market and to identify potential entry and exit points. It is free and easy to use, making it a popular choice among Forex traders.
MT4
Complex Balance
The Complex Balance Extended Forex Indicator is a popular and free MT4 indicator that is useful for traders of all levels. It is based on the concept of balance of power, which is the difference between the buying and selling pressure in the market. This indicator is easy to install and use, making it a popular choice among forex traders.
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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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