The iBands Price Indicator is a useful and popular free forex indicator for the MT4 platform. It is a technical analysis tool that helps traders identify price trends and potential trading opportunities. The indicator uses the Bollinger Bands and Moving Average indicators to provide a comprehensive view of the current market conditions. The iBands Price Indicator displays the current price, the upper and lower Bollinger Bands, and the moving average on the chart. It also provides an information window that displays the current price, the upper and lower Bollinger Bands, the Moving Average, and the difference between the current price and the Moving Average. The indicator is designed to help traders identify potential trading opportunities. When the current price is above the Moving Average, it indicates that the market is in an uptrend. Conversely, when the current price is below the Moving Average, it indicates that the market is in a downtrend. The Bollinger Bands are used to identify potential support and resistance levels. The indicator is easy to use and can be quickly applied to any chart.
MT4
Ibands Price
The Ibands Price Indicator is a useful and popular free Forex indicator for the MT4 platform. The indicator works by analyzing the price action of the market and then plotting a series of lines on the chart. With its intuitive design and powerful features, the Ibands Price Indicator is a great choice for any Forex trader.
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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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