The Squeeze Break indicator is a popular and useful tool for forex traders using the MT4 platform. This indicator helps traders identify times of low volatility and impending breakouts in the market. The indicator works by detecting when the Bollinger Bands squeeze together, indicating a period of low volatility, followed by a breakout in price movement. Traders can use the Squeeze Break indicator to time their trades and take advantage of these breakout opportunities. When the Bollinger Bands squeeze, traders can anticipate a possible breakout and set their stop-loss and take-profit levels accordingly. The indicator is free to use and can be easily downloaded and installed on the MT4 platform. Overall, the Squeeze Break indicator is a valuable tool for forex traders looking to capitalize on market movements and improve their trading strategies.
MT4
Squeeze Break
The Squeeze Break Indicator is a useful tool for forex traders using MT4. This popular indicator is free to use and helps traders identify periods of low volatility followed by high volatility. It works by plotting red and green dots on the chart to signal potential breakout opportunities. Traders can use this indicator to enhance their trading strategies and make informed 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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