The 4 Moving Average Trend Indicator is a highly useful tool for forex traders using MT4. This popular indicator is not only free, but also incredibly effective in identifying trends in the market. The indicator works by calculating the average price of an asset over four time periods, and then plotting the results on the chart. Traders can easily see the direction of the trend by observing the slope of the lines. When all four moving averages are moving in the same direction, it indicates a strong trend. This indicator can be used to enter and exit trades, as well as to set stop-loss and take-profit levels. Overall, the 4 Moving Average Trend Indicator is a valuable tool for any forex trader looking to improve their trading strategy.
MT4
4 MAS Trend
The 4 MA’s Trend Indicator is a popular and useful forex indicator for MT4 that is available for free. This indicator uses four Moving Averages to identify trends in the market. Traders can use it to determine the direction of the trend and make informed trading decisions. Simply install the indicator on your MT4 platform and follow the trend signals it provides.
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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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