The MACD OSMA Histogram Alert Indicator is a popular and useful forex indicator for the MT4 platform that helps traders identify potential trends and market reversals. This free tool provides a visual representation of the MACD and OSMA (Moving Average Convergence Divergence and Oscillator of Moving Averages) on a histogram, making it easy to interpret and act on signals. When the MACD line crosses above the signal line, the histogram bars turn positive, indicating a potential uptrend. Conversely, when the MACD line crosses below the signal line, the bars turn negative, signaling a potential downtrend. Traders can set customizable alerts to receive notifications when these crosses occur, allowing them to enter or exit trades more efficiently. With its user-friendly interface and real-time alerts, the MACD OSMA Histogram Alert Indicator is a valuable tool for both beginner and experienced forex traders.
MT4
Macd Osma Histogram Alert
MACD OSMA Histogram Alert Indicator is a useful forex indicator for MT4 that is popular among traders for its accuracy. This free indicator helps traders identify trend changes and potential buy/sell signals through the use of MACD and OSMA histograms. Simply install the indicator on your MT4 platform and set up alerts to stay informed of market movements.
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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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