The ASO Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool that helps traders to identify short-term price movements and make profitable trades. The indicator is based on the Average Swing Oscillator (ASO) which is a technical indicator that measures the momentum of the market price. The ASO Indicator works by calculating the difference between the high and low prices of a currency pair over a specified period of time. The indicator then plots the difference between the high and low prices as a histogram on the chart. The histogram shows the magnitude and direction of the price movement and helps traders to identify the trend of the market. The ASO Indicator is a great tool for traders looking to take advantage of short-term price movements and make profitable trades.
MT4
ASO Indicator
The ASO Indicator is a popular and free forex indicator for MT4 that is useful for traders of all levels. The indicator is based on a sophisticated algorithm that takes into account a variety of factors, such as price action, momentum, and support and resistance levels. It then generates signals that can be used to determine when to enter and exit trades. The ASO Indicator is a great tool for traders who want to stay ahead of the markets and make profitable trades.
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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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