The BB OSMA indicator is a popular and useful forex indicator for MT4. It is free to download and use, and provides traders with a comprehensive overview of the market. The BB OSMA indicator is based on the Moving Average Convergence/Divergence (MACD) indicator and the Relative Strength Index (RSI). It combines both indicators to provide traders with a more complete picture of the market. The BB OSMA indicator works by measuring the momentum of the market. It compares the current price of a currency pair with the average price of the same currency pair over a certain period of time. If the current price is higher than the average, it indicates a bullish trend. If the current price is lower than the average, it indicates a bearish trend. The BB OSMA indicator also takes into account the relative strength of the currency pair. If the relative strength is strong, it indicates a strong trend. The BB OSMA indicator is a popular and useful tool for forex traders.
MT4
BB OSMA
The BB OSMA Indicator for MT4 is a useful and popular free Forex indicator that can be used to help traders identify profitable trading opportunities. The BB OSMA indicator works by combining the RSI and MACD signals, and then displaying them in an easy to read oscillator that can be used to identify price reversals and trend direction. With the BB OSMA Indicator for MT4, traders can easily identify potential trading opportunities in the Forex 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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