The I-MA Cross Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy in predicting market trends. This free indicator uses moving averages to identify crossover points, indicating potential buy or sell signals. The indicator works by plotting two moving averages on the chart, one fast and one slow. When the faster moving average crosses above the slower moving average, it signals a potential uptrend and a buy opportunity. Conversely, when the faster moving average crosses below the slower moving average, it signals a potential downtrend and a sell opportunity. Traders can use the I-MA Cross Indicator to make informed trading decisions and capitalize on market movements. By understanding how the indicator works and how to interpret its signals, traders can effectively implement it into their trading strategy to optimize their profits.
MT4
I MA Cross
I MA Cross Indicator is a popular and useful forex indicator for MT4 traders. It is a free indicator that helps identify potential trend reversals by showing when a short-term moving average crosses above or below a long-term moving average. Traders can use this information to make informed trading decisions based on changes in market direction.
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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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