The Fractal Adaptive Moving Average (FRAMA) indicator is a popular and useful forex indicator that is available for free on the MT4 platform. It is a trend-following indicator that dynamically adjusts its smoothing period based on market volatility, making it more responsive to price changes. The FRAMA indicator works by calculating a moving average of price over a certain period, and adjusts this period based on the fractal dimension of the market. This allows it to filter out noise and provide more accurate signals for entering and exiting trades. Traders can use the FRAMA indicator to confirm trends, spot reversals, and set stop-loss levels. Overall, the FRAMA indicator is a valuable tool for forex traders looking to improve their trading decisions. Its adaptive nature makes it particularly useful in volatile market conditions, where traditional moving averages may lag behind.
MT4
Fractal Adaptive Moving Average
The Fractal Adaptive Moving Average indicator is a popular and useful forex indicator for MT4. It is a free tool that helps traders identify trends by adapting to price movements. By utilizing fractals, this indicator smooths out price action and enhances trend detection. Traders can use it to make more informed decisions when entering or exiting trades.
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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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