The LSMA Reversal Indicator is a useful tool for Forex traders, available for free on the popular MT4 platform. It can be used to recognize potential reversals in the market, helping traders to make informed decisions and maximize their profits. The indicator works by analyzing the price action of an asset, and then plotting a line which shows the direction of the trend. This line is then compared to a previous period, and if there is a divergence, then it is likely that a reversal is about to take place. The indicator also includes a signal line, which is used to confirm that the trend is indeed reversing. To use the LSMA Reversal Indicator, traders should first identify the current trend, and then wait for the signal line to cross the main line. This is usually a sign that the trend is about to reverse. Traders should then enter a trade in the opposite direction of the current trend, and set their stop loss and take profit levels accordingly.
MT4
LSMA Reversal
The LSMA Reversal Indicator is a useful tool for Forex traders, available for free on the popular MT4 platform. The indicator works by analyzing the price action of an asset, and then plotting a line which shows the direction of the trend. By using this indicator, traders can make informed decisions and maximize their 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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