The Bulls-Bear Power Indicator is a popular and useful forex indicator available for the MT5 platform. This free indicator helps traders identify the strength of bulls and bears in the market by measuring the difference between the highest price and the 13-day EMA. The indicator consists of two lines – the Bulls Power line and the Bears Power line. When the Bulls Power line is above zero, it indicates bullish strength, whereas when the Bears Power line is below zero, it indicates bearish strength. Traders can use this information to make informed decisions about when to buy or sell, based on the prevailing market sentiment. Overall, the Bulls-Bear Power Indicator is a valuable tool for forex traders looking to gauge market momentum and make more informed trading decisions on the MT5 platform.
MT5
BB Power
Bulls Bears Power Indicator for MT5 is a popular and useful forex indicator available for free. It helps traders identify the strength of bulls and bears in the market, allowing them to make informed decisions. By measuring the difference between the high and low prices, this indicator helps predict potential market movements. Traders can use it to determine entry and exit points for their trades.
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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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