The LSMA Indicator is a useful and popular free Forex indicator that can be used on the MT4 trading platform. It is based on the Linear Regression Slope indicator and it is used to identify the trend direction. The LSMA Indicator can be used to identify support and resistance levels, as well as entry and exit points in the market. The LSMA Indicator works by plotting two lines on the chart. The first line is the Linear Regression Slope, which is used to identify the trend direction. The second line is the Linear Regression Intercept, which is used to identify support and resistance levels. When the Linear Regression Slope is rising, it indicates that the trend is bullish. When the Linear Regression Slope is falling, it indicates that the trend is bearish. The LSMA Indicator is a great tool for traders looking for an easy-to-use and reliable indicator. It is free to use on the MT4 trading platform and can be used to identify support and resistance levels, as well as entry and exit points in the market. With the help of the LSMA Indicator, traders can make informed decisions and maximize their profits in the Forex market.
MT4
LSMA Indicator
The LSMA Indicator is a popular MT4 and free Forex indicator that helps traders identify trends and potential trading opportunities. It is a technical indicator that is based on the Moving Average Convergence Divergence (MACD). The indicator plots two lines, one line is the signal line and the other is the main line. The signal line is a moving average of the main line and is used to generate buy and sell signals. The LSMA indicator is a simple and powerful tool that can be used to identify potential entry and exit points in the 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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