The BobokusFibo indicator is a popular and free Forex indicator for the MT4 platform. It is a useful tool for traders who want to identify support and resistance levels and price action. The indicator is based on the Fibonacci sequence and is designed to help traders identify potential entry and exit points in the market. The BobokusFibo indicator works by calculating the Fibonacci sequence and displaying it on the chart. It does this by drawing a series of horizontal lines that represent the Fibonacci levels. These lines can then be used to identify potential entry and exit points in the market. The indicator also displays the Fibonacci retracement levels, which can be used to identify potential support and resistance levels. The indicator is easy to use and can be quickly applied to any chart. All the user needs to do is select the Fibonacci levels they want to display and then click “Apply”. The indicator will then display the Fibonacci lines on the chart. It is easy to use and can be quickly applied to any chart. It can be used to identify potential entry and exit points in the market, as well as potential support and resistance levels. The indicator is free and available for the MT4 platform.
MT4
Bobokusfibo
BobokusFibo Indicator is a useful and popular free Forex indicator for MT4 (Metatrader 4) trading platform. It is a Fibonacci based indicator that uses the Fibonacci ratios to draw a series of support and resistance lines on the chart. The BobokusFibo Indicator is easy to use and can be used on any timeframe. It is a great tool for traders who are looking for an easy way to identify potential entry and exit points in the market.
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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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