The Percentage Price Oscillator (PPO) is a popular and free forex indicator for the MT5 trading platform. It is a useful tool for both novice and experienced traders, as it can help identify potential trading opportunities in the market. The Percentage Price Oscillator is an oscillator that measures the difference between two moving averages. It is calculated by subtracting a longer-term moving average from a shorter-term moving average and then dividing the result by the longer-term moving average. This indicator is used to identify momentum and trend reversals. The Percentage Price Oscillator can also be used to identify overbought and oversold conditions in the market. When the PPO is above its signal line, it suggests that the market is overbought, and when it is below the signal line, it suggests that the market is oversold. In conclusion, the Percentage Price Oscillator is a useful and popular forex indicator for the MT5 trading platform. It can help traders identify potential trading opportunities in the market and can be combined with other indicators to create more accurate trading signals.
MT5
Percentage Price Oscillator
The Percentage Price Oscillator (PPO) is a free and popular MT5 forex indicator used to measure the difference between two moving averages. The PPO is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA and then dividing the result by the 26-period EMA. They also use it to identify overbought and oversold conditions in the 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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