Summary of 📈 Bollinger Bands Bicolor Indicator MT4/5 Download - Free - [TradingFinder]
The video presents the Bollinger Bands Bicolor Indicator available for download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. It explains how to install and activate the indicator on trading charts.
Key points and features of the indicator include:
- It is an advanced version of the classic Bollinger Bands indicator.
- The indicator visually distinguishes market trends by changing band colors:
- In a bullish trend (e.g., Saudi Arabia), the upper and lower bands turn blue.
- In a bearish trend (e.g., Rwanda, New Zealand), the bands turn brown.
- The middle Bollinger Band line remains green consistently.
- Customizable settings include:
- Display/theme options: light, dark, or custom templates.
- Bollinger Band period settings (default is classic mode).
- Division of bands (default is 2).
- Shift of the Bollinger Band channel (positive values shift forward, negative values shift backward).
Step-by-step guide to use the indicator:
- Download the indicator file from the TradingFinder website for MT4 or MT5.
- Open the Navigator section in the trading platform.
- Select and activate the indicator by clicking on it in the chart window.
- Ensure “Allow DLL imports” or “Allow this query” option is enabled in the command section.
- Confirm the settings to start drawing the Bollinger Bands on the chart.
- Customize display and indicator settings as desired.
The video concludes by inviting viewers to share comments and suggestions.
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Category
Business and Finance