The Close EMA 20 Indicator is a popular and useful forex indicator for MT4 that helps traders in analyzing market trends. It is widely recognized for its accuracy and ease of use. The indicator calculates the Exponential Moving Average (EMA) using a 20-day period, specifically focusing on the closing prices of currency pairs. By using the Close EMA 20 Indicator, traders can identify potential buy or sell signals in the forex market. When the price is above the EMA line, it suggests a bullish trend, indicating a potential buy opportunity. Conversely, when the price is below the EMA line, a bearish trend is indicated, signaling a potential sell opportunity. This free forex indicator is highly reliable due to its ability to filter out short-term market noise and offer a clear view of long-term price movements. Traders can customize the indicator according to their trading preferences, adjusting parameters such as colors and line thickness. Overall, the Close EMA 20 Indicator is a valuable tool for forex traders as it helps in making informed trading decisions and maximizing profit potential.
MT4
Close EMA 20
Close EMA 20 Indicator is a popular and useful forex indicator available for free on MT4. It calculates and displays the exponential moving average (EMA) of the closing prices over a 20-period time frame. This indicator is widely used by traders to identify trend reversals and gauge market sentiment. By providing a clear visual representation of price movements, the Close EMA 20 Indicator helps traders make more informed trading decisions.
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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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