The Multi-Linien Moving Average is a useful forex indicator for MT4 that is popular among traders for its accuracy and effectiveness in predicting market trends. This indicator utilizes multiple moving averages to provide a comprehensive analysis of price movements, making it a valuable tool for identifying potential entry and exit points in the forex market. The Multi-Linien Moving Average is free to download and easy to use, making it accessible to traders of all levels of experience. By combining different moving averages, this indicator smooths out price fluctuations and helps traders make more informed trading decisions. Simply apply the indicator to your chart and interpret the crossover of the moving averages to determine Buy or Sell signals. Overall, the Multi-Linien Moving Average is a powerful tool that can enhance your trading strategy and improve your trading outcomes in the forex market.
MT4
Multi Linien Moving Average
Multi-Line Moving Average is a useful forex indicator for MT4 that is popular among traders. This free indicator works by calculating the average price of a currency pair over a specified number of periods and plotting multiple lines on the chart. Traders can use the crossover of these lines to identify trends and make informed trading decisions.
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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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