The Moving Average of Oscillator (OsMA) indicator is a popular technical analysis tool in the forex market. It is a useful indicator available for free on the MT5 platform. The OsMA indicator shows the difference between the MACD line and its signal line, represented as a moving average. This difference is displayed as a histogram, providing traders with a visual representation of the momentum of the market. Traders can use the OsMA indicator to identify potential trend reversals or confirm the strength of a current trend. When the OsMA crosses above the zero line, it indicates bullish momentum, while a move below the zero line suggests bearish momentum. Overall, the Moving Average of Oscillator indicator on MT5 is a powerful tool that can help traders make informed decisions when trading forex.
MT5
Moving Average OF Oscillator
Moving Average of Oscillator Indicator MT5 is a popular and useful forex indicator that is available for free. It works by calculating the moving average of the oscillator to help traders identify trends and potential reversal points in the market. To use this indicator effectively, traders can look for crossovers and divergence between the moving average of the oscillator and the price chart.
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Category: Stochastic
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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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