The Var Moving Average (VMA) is a useful and popular free Forex indicator for the MT4 trading platform. It is used to measure the momentum of price movements and to identify entry and exit points for trades. The indicator is based on the standard moving average, but it takes into account the volatility of the market. The VMA is calculated by taking the standard moving average and multiplying it by the volatility coefficient. This coefficient is calculated by taking the average of the absolute differences between the current price and the moving average over a certain period of time. The VMA is a great indicator for traders looking to identify potential entry and exit points in the market. It is particularly useful for traders who are looking to capitalize on short-term price movements.
MT4
VAR Moving Average
The VAR Moving Average is a useful and popular free Forex indicator for MetaTrader 4 (MT4). The indicator works by comparing the current price of an asset to its average price over a set period of time. If the current price is higher than the average, the trend is considered to be up. The VAR Moving Average is a great tool for traders of all levels of experience who are looking to improve their trading performance.
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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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