The Extreme TMA Line Indicator for MT5 is a useful tool for forex traders looking to identify extreme market conditions. This popular indicator is free to download and easy to use on the MetaTrader 5 platform. The Extreme TMA Line Indicator works by plotting dynamic support and resistance levels based on the volatility of the market. It uses a unique algorithm to calculate these levels, making it a valuable tool for traders looking to enter or exit trades at key levels. To use the Extreme TMA Line Indicator, simply add it to your chart and adjust the settings to fit your trading strategy. You can use it to identify potential reversal points, or as a tool to confirm existing trade signals. With its user-friendly interface and accurate calculations, this indicator is a must-have for any forex trader using MT5.
MT5
Extreme TMA
Extreme TMA Line Indicator for MT5 is a useful and popular forex indicator that is available for free. It works by displaying the TMA (Triangular Moving Average) lines on the chart, helping traders identify potential trend reversals and entry/exit points. To use this indicator, simply add it to your MT5 platform and adjust the settings to suit your trading strategy.
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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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