Max Min Bands Indicator is a useful and popular free Forex indicator for the MT4 platform. It helps to identify price extreme levels and can be used as a trading tool for entry and exit points. The indicator consists of two bands – an upper and lower band – which are calculated using the highest and lowest prices of a certain period. The Max Min Bands indicator is easy to use and interpret. It plots a line on the chart that corresponds to the highest and lowest prices of the period. When the price touches the upper or lower band, it indicates a potential reversal in price direction. This makes it useful for traders who are looking for entry and exit points. The indicator is also useful for identifying support and resistance levels. The Max Min Bands Indicator is a great tool for traders of all skill levels. It is easy to use and can be applied to any currency pair.
MT4
Max Min Bands
The Max Min Bands forex indicator is a useful tool for MT4 traders that helps to identify the highs and lows of the market. It does this by drawing two bands on the chart, one representing the maximum price level and the other representing the minimum price level. It is a reliable indicator that helps traders make informed decisions when trading in the forex market.
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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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