The Divergence Peak OSMA Indicator is a free and popular MT4 Forex indicator that is useful in detecting potential trend reversals. It works by comparing the Moving Average Convergence/Divergence (MACD) and the On Balance Volume (OBV) in order to identify potential trend reversals. The indicator uses a combination of the two indicators to identify potential trend reversals by looking for divergences between the two. If the MACD and OBV are diverging, it could indicate that the current trend is about to reverse. The Divergence Peak OSMA Indicator can be used to identify potential trend reversals in the Forex market. It works by comparing the MACD and OBV signals in order to identify potential trend reversals. The indicator is easy to install and use and can be used on any MT4 platform. It is a popular indicator among Forex traders due to its ability to identify potential trend reversals. It is a popular and free indicator that is useful in detecting potential trend reversals in the Forex market.
MT4
Divergence Peak OSMA
The Divergence Peak OSMA Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is designed to detect divergence between price and momentum and then draw a peak line at the divergence point. The Divergence Peak OSMA Indicator is a great tool for any trader, and it is available for free on the MT4 trading platform.
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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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