The BB Stops New Format Histo is a popular and useful forex indicator for MT4 traders. This free indicator is based on Bollinger Bands and helps to identify potential trend reversal points. The indicator works by showing colored bars on the chart, representing the strength of the trend. A green bar indicates a strong uptrend, while a red bar suggests a strong downtrend. When the bars change color, it signals a possible trend reversal. Traders can use the BB Stops New Format Histo indicator to enter or exit trades based on the trend strength. It can also be used to set stop-loss levels or take-profit targets. Overall, this forex indicator is a valuable tool for traders looking to improve their trading strategy and make more informed decisions in the market.
MT4
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BB Stops New Format Histo
BB Stops New Format Histo is a popular and useful forex indicator available for free on MT4. This indicator displays stop levels based on Bollinger Bands, helping traders to determine exit points and manage risk effectively. By using this indicator, traders can improve their trading strategies and make more informed decisions in the forex market.
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Categories: Signal, Stochastic
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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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