MACD BB Best Edition Indicator is a popular and useful forex indicator for MT4 traders. This indicator combines MACD (Moving Average Convergence Divergence) and Bollinger Bands to provide traders with valuable insights into market trends and potential entry/exit points.
The MACD BB Best Edition Indicator works by plotting MACD and Bollinger Bands on the price chart, making it easy for traders to identify overbought or oversold conditions. When the MACD line crosses above the signal line, it indicates a bullish trend, while a bearish trend is signaled when the MACD line crosses below the signal line. The Bollinger Bands help traders determine the volatility of the market and potential price reversals.
This indicator is free to download and easy to use, making it a must-have for forex traders looking to improve their trading strategy.
MT4
Macd BB Best Edition
MACD BB Best Edition Indicator is a popular and useful forex indicator for MT4. This free tool combines MACD and Bollinger Bands to provide traders with valuable insights into market trends. By analyzing both momentum and volatility, users can make informed trading decisions. Simply add the indicator to your chart and adjust the settings to fit 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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