The Custom Moving Average indicator for MT5 is a powerful and useful tool for Forex traders. This popular free indicator is designed to help traders identify market trends and make better trading decisions. The Custom Moving Average indicator works by taking the average closing price of a currency pair over a set period of time. This average is then plotted on a chart and used to identify the current trend. When the average is rising, it indicates that the pair is in an uptrend. When the average is falling, it indicates that the pair is in a downtrend. The Custom Moving Average indicator can be used to identify entry and exit points in the market. By plotting the average on the chart, traders can easily identify when the market is in an uptrend or downtrend and adjust their trading strategy accordingly. Additionally, traders can also use the indicator to identify support and resistance levels. It is free, easy to use, and can help traders identify market trends and make better trading decisions. With its customizable settings, the indicator can be tailored to fit any trading style and is sure to be a popular choice among Forex traders.
MT5
Custom Moving Average
The Custom Moving Average indicator for MT5 is a popular and useful Forex indicator that is free to use. It is designed to help traders identify trends and analyze market direction. The indicator works by plotting a line on the chart that follows the price action of the currency pair. With its help, traders can make informed decisions about when to enter and exit trades, and maximize their potential profits.
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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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