The BB Simple Scalp Indicator is a useful tool for Forex traders who use the MetaTrader 4 (MT4) platform. It is a popular and free indicator that helps traders identify potential entry and exit points in the market. The indicator works by using Bollinger Bands and a moving average to generate buy and sell signals. The Bollinger Bands are used to measure the volatility of the market, while the moving average is used to identify the trend. When the Bollinger Bands are narrow, it indicates that the market is range-bound and when they are wide, it indicates that the market is trending. The moving average is used to identify the direction of the trend. When the price is above the moving average, it indicates an uptrend and when the price is below the moving average, it indicates a downtrend. The trader can use the indicator to identify potential entry and exit points in the market and take advantage of market volatility.bb-simple-scalp-indicator
MT4
BB Simple Scalp
The BB Simple Scalp Indicator for MT4 is a popular free Forex trading tool that helps traders identify potential entry and exit points. The indicator works by calculating the difference between the upper and lower bands of the Bollinger Bands indicator. With the BB Simple Scalp Indicator, traders can quickly identify potential entry and exit points, helping them maximize their profits.
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Category: Signal
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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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