The Volatility Bar Indicator is a useful tool in the forex market for MT4 users. It is a popular indicator among traders as it helps in identifying market volatility. The best thing about this indicator is that it is free to use. This indicator works by analyzing the price action of the asset and displaying a colored bar on the chart. The color of the bar indicates the level of volatility in the market. Green bars indicate low volatility, while red bars indicate high volatility. Traders can use this indicator to gauge the intensity of market movements and adjust their trading strategies accordingly. For example, during high volatility periods, traders may consider using tighter stop-loss levels to protect their investments. Overall, the Volatility Bar Indicator is a valuable tool for traders looking to navigate the forex market with more confidence.
MT4
Volatility BAR
The Volatility Bar Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator works by measuring the volatility of price movements in the forex market, providing traders with valuable insights into potential trading opportunities. Traders can use this indicator to identify trends, reversals, and price breakouts, helping them 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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