The Gaussian Bands Indicator for MT4 is a popular and free forex indicator that is useful for traders looking to take advantage of market volatility. This indicator uses a Gaussian curve to plot upper and lower bands around a moving average line, which helps traders identify potential entry and exit points. The indicator is easy to use and can be applied to any currency pair. The Gaussian Bands Indicator works by plotting the upper and lower bands around a moving average line. The bands are calculated using a Gaussian curve, which is a bell-shaped curve that is used to measure the probability of an event occurring. The upper and lower bands are determined by the standard deviation of the moving average line. The standard deviation is used to measure the volatility of the market. When the standard deviation is high, the bands will be wider, indicating a higher level of volatility. Conversely, when the standard deviation is low, the bands will be narrower, indicating a lower level of volatility. With its ability to measure the volatility of the market, the Gaussian Bands Indicator is a popular and free forex indicator that is useful for traders looking to take advantage of market volatility.
MT4
Gaussian Bands
The Gaussian Bands Indicator for MT4 is a popular and free Forex indicator that is useful for traders of all levels. This indicator is designed to provide traders with an easy way to identify potential support and resistance levels, as well as potential areas of price reversals. The Gaussian Bands Indicator is a great tool for traders who are looking to identify potential entry and exit points in the market.
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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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