The ATR MA Oscillator is a popular and free Forex indicator for the MT4 platform. It is a useful tool for traders looking to identify potential entry and exit points in the market. The indicator combines the Average True Range (ATR) with a Moving Average (MA) to provide an oscillator that can be used to identify overbought and oversold levels. The ATR MA Oscillator is based on the ATR indicator, which measures the average range of price movements over a given period. The indicator then applies an MA to the ATR to create an oscillator. When the ATR MA Oscillator is above its zero line, it indicates that the market is in an uptrend and when it is below the zero line, it indicates that the market is in a downtrend. The ATR MA Oscillator can be used to identify potential entry and exit points in the market. Traders can use the indicator to identify overbought and oversold levels in the market. When the indicator is above its zero line, it indicates that the market is overbought and when it is below the zero line, it indicates that the market is oversold. Traders can use this information to enter or exit the market accordingly. The indicator combines the Average True Range (ATR) with a Moving Average (MA) to provide an oscillator that can be used to identify overbought and oversold levels. It is a popular and free Forex indicator for the MT4 platform.
MT4
ATR MA Oscillator
The ATR MA Oscillator is a useful and popular free forex indicator for MT4. This indicator is designed to provide traders with an easy-to-read visual representation of the current trend and momentum of the market. When the histogram is above the zero line, it indicates an uptrend, while when it is below the zero line, it indicates a downtrend. The ATR MA Oscillator is a great indicator for traders looking to identify potential entry and exit points in the 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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