The Deviation Scaled MA MTF Alerts indicator is a useful and popular forex indicator designed for use on the MT4 platform. This indicator is free to download and provides traders with valuable information on market trends and potential entry and exit points. The indicator works by calculating the moving average of price deviation from a chosen period and then scaling it accordingly. This allows traders to better understand the momentum and strength of the market trend. Additionally, the indicator includes alerts that notify traders of potential trading opportunities, making it easier to stay informed and make timely decisions. The multi-timeframe feature allows traders to view the indicator’s signals across different timeframes, providing a comprehensive view of the market. Overall, the Deviation Scaled MA MTF Alerts indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Deviation Scaled Ma Alerts
Deviation Scaled MA MTF Alerts is a popular and useful free Forex indicator for MT4. It helps traders identify trends and potential entry/exit points by scaling moving averages based on current market conditions. Users receive alerts when the price deviates significantly from the moving average, allowing for timely decision-making. This indicator is a valuable tool for both new and experienced traders 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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