The Point Zero Bollinger Trend Indicator is a popular and useful forex indicator for MT5 that helps traders identify trending market conditions. This indicator combines Bollinger Bands with a custom trend line to provide a clear visual representation of price direction. The indicator works by plotting a trend line that changes color based on the direction of the trend, along with Bollinger Bands that indicate market volatility. Traders can use this indicator to identify potential entry and exit points, as well as to confirm the strength of a trend. To use the Point Zero Bollinger Trend Indicator, simply install it on your MT5 platform and apply it to your chart. It is a free indicator that is easy to use and can be a valuable tool for traders looking to improve their forex trading strategies.
MT5
Point Zero Bollinger Trend
Point Zero Bollinger Trend Indicator for MT5 is a popular and useful forex indicator that is available for free. It works by combining Bollinger Bands with a trend-following strategy to identify potential entry and exit points in the market. Traders can use this indicator to visually confirm trends and make informed trading decisions.
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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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