The ADX Bollinger WA indicator is a popular and useful tool for traders in the forex market. This free indicator is designed for use on the MT4 platform and combines the Average Directional Index (ADX) with Bollinger Bands. The ADX component of the indicator helps traders identify the strength of a trend, while the Bollinger Bands help spot potential trend reversals. When the ADX line is above a certain level and the price is touching the upper Bollinger Band, this could indicate an overbought condition and a possible reversal. Conversely, if the ADX line is below a certain level and the price is touching the lower Bollinger Band, this could signal an oversold condition and a potential rebound. Overall, the ADX Bollinger WA indicator is a valuable tool for traders looking to identify trends and potential entry or exit points in the forex market.
MT4
ADX Bollinger WA
ADX Bollinger WA Indicator is a popular and useful forex indicator for MT4. It combines Bollinger Bands and ADX to help traders identify trends and potential reversal points. The indicator is free to use and provides clear signals for entering and exiting trades. Traders can use it to confirm trends and measure market volatility.
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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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