The EMA 58 Crossover Alert is a popular and useful free Forex indicator for MT4. It is designed to detect the crossover of two exponential moving averages (EMA) with periods of 58 and 14. When the EMA 58 crosses the EMA 14 from above, it is a signal to sell. When the EMA 58 crosses the EMA 14 from below, it is a signal to buy. The indicator is easy to use and can be quickly installed on any MT4 trading platform. Once installed, the indicator will alert the trader when the EMA 58 and EMA 14 crossover. The alert will be displayed in the form of a text message and/or a sound alert, depending on the user’s settings. The indicator also provides an additional visual confirmation of the trade signal on the chart. The EMA 58 Crossover Alert is a great tool for traders who want to take advantage of the trend in the market. It can help traders identify entry and exit points for their trades. The indicator can also be used to confirm the direction of an existing trend or to identify potential reversal points. The indicator is also a great way to confirm the direction of an existing trend or to identify potential reversal points.
MT4
Ema 58 Crossover Alert
The EMA 58 Crossover Alert is a useful and popular free Forex indicator for the MetaTrader 4 (MT4) trading platform. The EMA 58 Crossover Alert is easy to use. It is simply added to the chart and the trader can choose to have the alert to be triggered when the price crosses above or below the 58-period EMA. The indicator is free and can be easily downloaded from the MT4 platform.
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Category: Signal
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Description
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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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