The Bollinger Bands Advanced Squeeze Indicator is a useful forex indicator designed for the MetaTrader 4 platform. It is a popular tool among traders for identifying potential trend reversals and breakouts in the market. This indicator combines Bollinger Bands with a squeeze feature to highlight periods of low volatility followed by potential high volatility movements. When the Bollinger Bands squeeze together, it indicates a period of consolidation and low volatility in the market. Traders can use this information to anticipate potential breakout opportunities. The indicator also includes customizable settings, such as the number of periods and standard deviations used in the calculation. To use the Bollinger Bands Advanced Squeeze Indicator, simply install it on your MT4 platform and apply it to your chart. Look for periods of the bands squeezing together and be prepared for potential price movements. This indicator is free to download and is a valuable tool for forex traders.
MT4
Bollinger Bands Advanced Sqeeze
Bollinger Bands Advanced Squeeze Indicator is a useful Forex indicator for MT4 users. It is a popular free indicator that helps traders identify potential trends and market squeezes. The indicator works by measuring volatility and identifying periods of low volatility, signaling possible breakout opportunities. Traders can use this indicator to make informed trading decisions and maximize profits.
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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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