The DP WMA JMA Oscillator is a useful and popular free Forex indicator for MT4. It is designed to detect and identify potential trend reversals in the market by comparing the weighted moving averages of two different timeframes. The indicator consists of two lines, one for the short-term and one for the long-term, that oscillate around a zero line. When the lines cross, it indicates a potential trend reversal. The DP WMA JMA Oscillator is easy to use and can be applied to any chart. To use the indicator, simply apply it to the chart and observe the two lines. When the lines cross, it is an indication that the current trend may be reversing. The indicator can also be used to identify overbought and oversold conditions in the market. With its powerful features, it is a popular choice among Forex traders.
MT4
DP WMA JMA Oscillator
The DP WMA JMA Oscillator is a free and popular Forex indicator for the MT4 trading platform. The indicator is composed of two moving averages, the Weighted Moving Average (WMA) and the JMA (Jurik Moving Average). It is a great tool for traders who want to stay on top of the market and make profitable trades.
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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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