The Stochastic Bollinger Bands (SBB) indicator is a useful and popular tool for Forex traders. It is a free indicator available for MT4 platforms and can be used to identify potential buy and sell signals. This indicator combines the popular Bollinger Bands indicator with the Stochastic oscillator to create a powerful tool for traders. The Stochastic Bollinger Bands indicator works by measuring the distance between two bands. The upper band is calculated by adding a certain number of standard deviations to the moving average, while the lower band is calculated by subtracting the same number of standard deviations. The Stochastic oscillator is then used to measure the distance between the bands. When the bands are close together, it signals that the market is in a trend and could be a good time to buy or sell. When the bands are further apart, it indicates that the market is in a range and could be a good time to exit a trade. The Stochastic Bollinger Bands indicator is a useful and popular tool for Forex traders. It is free and available for MT4 platforms and can be used to identify potential buy and sell signals.
MT4
Stochastic Bollinger Bands
The Stochastic Bollinger Bands Indicator is a very useful and popular Forex indicator for MetaTrader 4 (MT4). The Stochastic Bollinger Bands Indicator works by combining the Stochastic Oscillator’s overbought/oversold signals with the Bollinger Bands’ trend-following signals. The Stochastic Bollinger Bands Indicator is easy to use and can be quickly installed on any MT4 platform. It is also free to use, making it a popular choice for traders who are looking for a reliable and cost-effective way to trade the Forex market.
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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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