The Ahrens MA Convergence Divergence Indicator is a powerful and useful tool for Forex traders. This free indicator is popular among traders using the MT4 platform. It is designed to help traders identify potential trend reversals in the market. It does this by measuring the convergence and divergence of two moving averages. The Ahrens MA Convergence Divergence Indicator is based on the idea that when two moving averages converge, it can signal a potential reversal in the trend. When the two moving averages diverge, it can indicate a continuation of the trend. The indicator plots the two moving averages on the chart, along with a histogram that measures the difference between them. This allows traders to easily identify when the two moving averages are converging or diverging. The indicator is free and can be downloaded from the MT4 platform. It is a popular and useful tool for Forex traders and can help traders make better trading decisions.
MT4
Ahrens Ma Convergence Divergence
This free AHrens MA Convergence Divergence Indicator for MT4 is a useful tool for Forex traders who use technical analysis to identify market trends and make decisions. The indicator is based on the Moving Average Convergence Divergence (MACD) indicator and is designed to help traders identify potential buy and sell signals. This popular free indicator is easy to use and can be a valuable tool for any Forex trader.
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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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