The Bollinger Bands GI Stochastic Indicator is a useful and popular tool for Forex traders. It is available for free on the MT4 platform and is designed to help traders identify entry and exit points. The indicator uses Bollinger Bands, a volatility based indicator, to measure the price range of an asset and the Stochastic Oscillator to identify potential trading opportunities. The Bollinger Bands GI Stochastic Indicator is a trend-following tool that uses two lines, one representing the mid-point of the Bollinger Bands and one representing the Stochastic Oscillator. When the mid-point line crosses above the Stochastic Oscillator line, it is a signal to buy. When the mid-point line crosses below the Stochastic Oscillator line, it is a signal to sell. The Bollinger Bands GI Stochastic Indicator is a great tool for traders who are looking for an easy way to identify entry and exit points. It is especially useful for traders who are new to the Forex market and are looking for a reliable way to make profitable trades. The indicator is easy to use and can be used in combination with other technical indicators to help traders maximize their profits.
MT4
Bollinger Bands Gi Stochastic
The Bollinger Bands GI Stochastic Indicator is a powerful and useful Forex indicator for MT4 traders. It is a popular indicator that helps traders to identify market trends and potential trading opportunities. The Bollinger Bands GI Stochastic Indicator is a useful tool for any Forex trader as it helps to identify potential trading opportunities and can help to improve trading results.
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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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