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MA Angle

The MA Angle indicator for MT4 measures the angle of the moving average. This indicator for MT4 is a great tool for traders of all levels and can help them make informed decisions when trading the Forex market. Download for free! Try Now!

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Description

The MA Angle indicator for MT4 is a multi-timeframe Forex trading tool designed to measure the slope of the moving average. The changes in the slope of the moving average can be used to determine the strength and trend direction of financial trading instruments.

Therefore, the indicator helps traders to identify trending and ranging market conditions at a glance. Traders can use the indicator as a stand-alone tool or in synergy with price action/other technical indicators for efficient market analysis trading decisions.

Features of the MA Angle Indicator for MT4

The indicator calculates the angle of the moving average and displays it as a line on a separate window, below the main chart. Besides, the indicator’s parameters are customizable, allowing traders to adjust them to their preferences.

Benefits of Trading with the Indicator

  • Trend Strength Identification: The indicator helps traders gauge the strength of the market trend by calculating the slope of the moving average. So, a continual steeper angle of the moving average suggests that a financial instrument is in a strong trend, while a flatter angle depicts a weaker or ranging trend condition.
  • Trend Identification: The indicator is also a useful tool for identifying bullish and bearish market conditions. A bullish trend is when the angle of the moving average rises continually to the upside, while a bearish trend is when the angle constantly decreases to the downside.
  • Early Trend Reversal Detection: Finally, the Indicator can be useful in identifying bullish and bearish divergences in the price. A Divergence between the indicator and the price can indicate an early sign of a potential trend reversal.

Indicator Settings Description

The indicator comes with the following customizable settings:

MAPeriod: Determines the period for the moving average.

ATRPeriod: Determines the ATR period of the moving average.

ATRFactor: Sets the ATR factor.

BarsToLoad: Determines the maximum number of candlestick bars to analyze.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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