The 4 MA Strength Indicator is a popular and free Forex indicator for MT4 that is useful for any trader looking for a reliable and powerful indicator. It is a versatile and highly effective tool that can help traders to identify potential trading opportunities. The indicator is based on the 4 Moving Average (MA) lines and their strength in the market, which can be used to identify trends and potential entry and exit points. The 4 MA Strength Indicator works by plotting four different moving averages on the chart. These moving averages are the Simple Moving Average (SMA), Exponential Moving Average (EMA), Weighted Moving Average (WMA), and the Linear Weighted Moving Average (LWMA). The indicator then calculates the strength of each of these moving averages relative to each other. This is done by taking the difference between the two moving averages and then calculating the ratio of the difference to the total of the two moving averages. This ratio is then used to determine the strength of the MA lines. It is easy to use and provides traders with a visual representation of the strength of the MA lines, which can be used to identify potential entry and exit points in the market.
MT4
4 MA Strength
The 4 MA Strength Indicator is a free and popular Forex indicator for the MetaTrader 4 platform. The indicator uses four Moving Averages to measure the strength of the trend. It also includes a histogram, which shows the difference between the four Moving Averages. The indicator can be used to identify a strong trend, or to identify a possible reversal. It is easy to use and can help traders make more 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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