The Awesome Accelerator Divergence Indicator is a popular and useful tool for forex traders using the MT4 platform. This free indicator helps traders identify potential trend reversals by detecting divergences between price and the Awesome Oscillator. The indicator works by comparing the price movement of an asset with the changes in the Awesome Oscillator, which measures market momentum. Divergences between the two can signal a weakening trend or potential reversal, providing traders with valuable insights for their trading decisions. To use the Awesome Accelerator Divergence Indicator, simply add it to your MT4 platform and apply it to your desired currency pairs or assets. It will then display divergence alerts on your charts, alerting you to potential trading opportunities. Overall, this indicator is a valuable tool for forex traders looking to enhance their technical analysis and improve their trading strategies.
MT4
Awesome Accelerator Divergence
Awesome Accelerator Divergence Indicator is a useful forex indicator for MT4 traders. It is popular among traders for its accuracy in identifying divergence signals. This free indicator works by comparing the price movement with the Accelerator Oscillator to spot potential trend reversals. Traders can use it to make informed trading decisions and improve their strategies.
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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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