The OSMA Divergence Trading Indicator for MT4 is a popular and useful tool for Forex traders. This free indicator helps traders identify potential reversal points by spotting divergences between the price action and the OSMA (Moving Average of Oscillator) indicator. By alerting traders to changes in momentum, the OSMA Divergence indicator can help enhance trading strategies and improve decision-making. When the price trend is moving in one direction while the OSMA indicator is moving in the opposite direction, it could signal a potential trend reversal. To use the OSMA Divergence Trading Indicator, simply add it to your MT4 trading platform and look for divergence patterns on the chart. Traders can then use this information to make more informed trading decisions and potentially increase their profitability in the Forex market.
MT4
Osma Divergence Trading
OSMA Divergence Trading Indicator is a popular and useful forex indicator for MT4 that helps traders identify potential trend reversals. It is a free tool that analyzes the divergence between the OSMA indicator and price action, providing valuable insights into market momentum. Traders can use this indicator to make informed trading decisions and capitalize on profitable opportunities in the forex market.
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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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