The Bull Bear Balance Indicator is a useful tool for forex traders who use the MT4 platform. This popular indicator is available for free and can help traders identify market trends and make informed decisions. The indicator works by calculating the balance between bullish and bearish market sentiment. It plots this information on a chart, making it easy for traders to see which direction the market is likely to move in. Traders can use the Bull Bear Balance Indicator to confirm trends, identify potential reversals, and set entry and exit points for trades. By understanding the balance of buying and selling pressure in the market, traders can increase their profitability and make more informed decisions. Overall, the Bull Bear Balance Indicator is a valuable tool for any forex trader looking to improve their trading strategy.
MT4
Bull Bear Balance
Bull Bear Balance Indicator is a popular and useful forex indicator for MT4 that shows the balance between bullish and bearish market sentiment. It provides valuable insight into market trends and can help traders make informed decisions. This free indicator is easy to use and can be a valuable tool for analyzing market dynamics.
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Category: Volume
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Description
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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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