The STARC Bands Indicator for MT5 is a popular and useful tool in the forex market. This indicator helps traders identify overbought and oversold conditions, making it easier to make informed trading decisions. The STARC Bands Indicator consists of two bands – an upper band and a lower band – that are based on a simple moving average. Traders can use the STARC Bands Indicator to determine potential entry and exit points, as well as to set stop loss and take profit levels. When the price reaches the upper band, it may indicate that the asset is overbought and could be due for a pullback. Conversely, when the price reaches the lower band, it may indicate that the asset is oversold and could be due for a rebound. Overall, the STARC Bands Indicator is a valuable tool for forex traders looking to improve their trading strategies. Best of all, it is available for free on the MT5 platform.
MT5
Starc Bands MTF
Starc Bands Indicator MT5 is a popular and useful forex indicator available for free on the MT5 platform. This indicator utilizes two moving average lines to create bands that help traders identify potential reversal points. By measuring price volatility, traders can use the Starc Bands Indicator to 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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