The Accelerator Decelerator Oscillator (ADO) is a useful and popular free Forex indicator for the MT4 platform. It is designed to measure the momentum of the price of a currency pair and to identify when the momentum is either accelerating or decelerating. The Accelerator Decelerator Oscillator is based on the difference between two moving averages, which are a fast and a slow moving average. The fast moving average is a five-period Moving Average Convergence Divergence (MACD) while the slow moving average is a 34-period Exponential Moving Average (EMA). The difference between these two moving averages is then plotted as a histogram, which is the Accelerator Decelerator Oscillator. The Accelerator Decelerator Oscillator can be used to identify potential entries and exits in the forex market. For example, when the histogram is positive, it could be an indication of an uptrend and a potential entry point for a long position. Similarly, when the histogram is negative, it could be an indication of a downtrend and a potential entry point for a short position. The Accelerator Decelerator Oscillator is a useful and popular free Forex indicator for the MT4 platform.
MT4
Accelerator Decelerator Oscillator
The Accelerator Decelerator Oscillator Indicator (ADO) is a popular and free Forex indicator for the MetaTrader 4 (MT4) trading platform. This indicator is designed to measure the acceleration and deceleration of the price movements in a given market. The ADO is calculated by comparing the current market price to the previous price and then taking the difference between them. The ADO can be used in combination with other indicators such as the Moving Average and the Relative Strength Index (RSI) to help traders 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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