The Detrended Synthetic Price Oscillator (DSPO) is a useful forex indicator that is popular among traders for its ability to help identify market trends. This MT4 indicator calculates the difference between the current price and a chosen moving average, providing a visual representation of the market’s momentum. The DSPO is a free indicator that can be easily added to your trading platform. To use the DSPO, simply apply it to your chart and look for crossovers and divergences between the oscillator and price movements. When the DSPO crosses above the zero line, it indicates a potential uptrend, while a cross below the zero line suggests a possible downtrend. Overall, the Detrended Synthetic Price Oscillator is a valuable tool for forex traders looking to gain insights into market trends and make informed trading decisions.
MT4
Detrended Syntheti Price Oscillator Ahtf
Detrended Synthetic Price Oscillator is a popular and useful forex indicator available for free on MT4. This indicator helps traders identify short-term price momentum by removing long-term trends. Traders can use this oscillator to generate buy or sell signals based on overbought or oversold levels. It is a valuable tool for analyzing market trends and making 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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