The Bollinger Band Width Ratio Indicator is a popular and useful Forex indicator available for free on the MT4 trading platform. This indicator is used to measure the difference between the upper and lower Bollinger Bands and is displayed as a ratio. It is a great tool for traders as it can help to identify changes in market volatility, which can be an indication of potential trading opportunities. The Bollinger Band Width Ratio Indicator is calculated by dividing the difference between the upper and lower Bollinger Bands by the middle Bollinger Band. It is generally displayed as a ratio, with a higher ratio indicating greater market volatility and a lower ratio indicating lower market volatility. When the ratio is high, it can be an indication that the market is in a period of high volatility and that a potential trading opportunity may be present. Conversely, when the ratio is low, it can be an indication that the market is in a period of low volatility and that a potential trading opportunity may not be present. It is a popular indicator and is available for free on the MT4 trading platform.
MT4
Bollinger Band Width Ratio
The Bollinger Band Width Ratio Indicator is a popular free Forex indicator for MT4 that is useful for identifying market trends. The Bollinger Band Width Ratio indicator takes this information and displays it as a ratio. By paying attention to the Bollinger Band Width Ratio indicator, traders can make informed decisions about when to enter and exit 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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