The Oscillator Based MA Indicator is a useful tool for Forex traders who use the popular MT4 platform. This free indicator is popular among traders for its ability to identify the trend and provide signals for entry and exit points. The Oscillator Based MA Indicator is based on a combination of the Moving Average and Oscillator indicators. It uses the Moving Average to identify the trend, while the Oscillator helps to identify overbought and oversold conditions. This allows traders to identify potential entry and exit points based on the trend and the momentum of the market. The Oscillator Based MA Indicator is easy to use and understand. It displays an oscillator line that moves between two levels, the overbought and oversold levels. When the oscillator line crosses the overbought or oversold level, it indicates a potential entry or exit point in the market. It is also customizable, allowing traders to set the parameters to suit their own trading style and preferences.
MT4
Oscillator Based MA
This Oscillator Based MA Indicator is a useful and popular free Forex tool for MT4 traders. It is used to detect trend changes and identify potential trading opportunities. It is a popular choice among Forex traders, as it is free and provides valuable information.
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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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