The BW 2 Wise Man Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders who want to identify potential trading opportunities in the Forex market. The BW 2 Wise Man Indicator uses a combination of trend analysis and price action to identify potential trading opportunities. It can be used to identify support and resistance levels, trend reversals, and price breakouts. The indicator is also capable of recognizing price divergence and convergence. The BW 2 Wise Man Indicator is easy to use and understand. It displays a series of colored lines on the chart that represent the trend of the market. When the lines are moving in the same direction, it is an indication of an uptrend. When the lines are moving in opposite directions, it is an indication of a downtrend. The indicator also displays a histogram that indicates the strength of the trend. With its reliable and accurate analysis, the BW 2 Wise Man Indicator is a popular choice among Forex traders.
MT4
BW 2 Wise Man
The BW 2 Wise Man Forex Indicator is a powerful and useful tool for any Forex trader. This indicator is designed to help traders identify the most profitable entry and exit points in the market. With this indicator, traders can easily identify the best entry and exit points in the market, making it an invaluable tool for any Forex trader.
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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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