The Starc Bands Indicator MT5 is a popular and free forex indicator that is useful for traders of all levels. It is designed to help traders identify market trends and potential entry points for their trades. The indicator works by plotting two bands on the chart, one above and one below the current price. The upper band is the overbought level and the lower band is the oversold level. When the price touches either of these levels, it is a signal to enter the market. The indicator also provides a visual representation of the momentum of the market, which can be used to identify potential entry and exit points. The indicator is easy to use and is available for free on the MT5 platform. With its simple yet effective design, this indicator is a popular choice among forex traders.
MT5
Starc Bands
The STARC Bands Indicator MT5 is a popular, free and useful Forex indicator for the MT5 trading platform. The indicator uses two bands, one above and one below the midpoint of the current price, to identify price levels which have a high probability of price reversal. It is a great tool for any Forex trader looking to improve their trading performance.
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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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