The Stochastic Bob Reversed Indicator is a useful free Forex indicator for MT4. This popular indicator is a great tool for traders looking to identify potential reversals in the market. It is based on the Stochastic Oscillator and is designed to detect the overbought and oversold conditions of an asset. The indicator provides traders with a visual signal on the chart when it detects an overbought or oversold condition. This allows traders to quickly identify potential reversals and take advantage of them. The indicator also provides traders with an indication of the strength of the reversal. This helps traders to decide whether to enter or exit a trade. The Stochastic Bob Reversed Indicator is easy to use. It can be applied to any chart in MT4. All traders need to do is set the parameters for the indicator and it will automatically detect the overbought and oversold conditions. This makes it ideal for both novice and experienced traders. It is easy to use and can be applied to any chart in MT4. This makes it a popular and useful free Forex indicator.
MT4
Stochastic Bob Reversed
The Stochastic Bob Reversed Indicator is a useful and popular free Forex indicator for MT4. It is designed to spot and generate trading signals for any given currency pair. It works by tracking the price movements of the currency pair and then calculating the momentum of the price movement. This indicator is easy to install and use, making it a popular choice for Forex traders.
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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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