The Bollinger Squeeze Advanced Indicator for MT5 is a popular and useful forex indicator that is available for free. This indicator helps traders identify periods of low volatility in the market, which often precede sharp price movements. The indicator works by combining Bollinger Bands with Keltner Channels to create a “squeeze” effect when the bands contract within the channels. This signals that the market is consolidating and a breakout may be imminent. Traders can use this information to anticipate potential price movements and adjust their trading strategies accordingly. To use the Bollinger Squeeze Advanced Indicator, simply install it on your MT5 platform and apply it to your preferred forex chart. Look for squeeze patterns and be prepared to take action when the bands expand, indicating a breakout. This indicator can be a valuable tool for traders looking to capitalize on volatile market conditions.
MT5
Bollinger Squeeze Advanced
Bollinger Squeeze Advanced Indicator for MT5 is a popular and useful tool for forex traders. It helps identify periods of low volatility, indicating potential upcoming price breakouts. By tightening the bands in the Bollinger Squeeze, traders can anticipate a significant price movement. This free indicator is easy to use and can be a valuable asset in your trading strategy.
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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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