The MACD BB Gaussian NRP MTF Indicator is a useful tool for forex traders using the MT4 platform. This popular indicator combines the Moving Average Convergence Divergence (MACD) and Bollinger Bands (BB) with a Gaussian non-repainting (NRP) filter in a multi-timeframe (MTF) format. The indicator works by displaying buy and sell signals based on the convergence and divergence of the MACD line and signal line, as well as the volatility of the Bollinger Bands. The Gaussian NRP filter helps to eliminate false signals, making it a reliable tool for identifying trend reversals and momentum shifts. Traders can use the MACD BB Gaussian NRP MTF Indicator to confirm trend direction, spot entry and exit points, and manage risk more effectively. Best of all, this indicator is free to download and use in your trading strategy.
MT4
Macd Bb Gaussian Nrp
MACD BB Gaussian NRP MTF Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy in identifying market trends. This free indicator combines MACD, Bollinger Bands, and Gaussian filters to provide reliable signals. Traders can use it to analyze multiple timeframes and make informed trading decisions based on the trend direction.
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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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