The SMA Crossover Buy/Sell Forex Indicator is a useful and popular indicator for the MT4 platform. It is a free indicator that helps traders identify potential buy and sell signals in the Forex market. The indicator works by plotting two simple moving averages (SMA) on the price chart. When the shorter SMA crosses above the longer SMA, it signals a potential buy signal and when the shorter SMA crosses below the longer SMA, it signals a potential sell signal. The SMA Crossover Buy/Sell indicator is easy to use and setup. All you have to do is add the indicator to your chart and set the parameters. You can set the SMA periods and the price type (open, high, low, close). You can also set the color of the lines and the width of the lines. Once the indicator is setup, it will automatically start plotting the buy and sell signals on the chart. With the SMA Crossover Buy/Sell indicator, traders can quickly and easily identify potential trading opportunities in the Forex market.
MT4
SMA Crossover BuySell
The SMA Crossover Buysell Indicator is a popular and useful Forex indicator for MT4 traders. The indicator gives a buy signal when the fast SMA line crosses above the slow SMA line and a sell signal when the fast SMA line crosses below the slow SMA line. It is also easy to use and understand, which makes it a popular choice among Forex traders.
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Description
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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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