The MA Mirror Indicator is a free and popular MT4 Forex indicator that is useful for both experienced and new traders. It is designed to help traders identify the direction of the trend and generate trading signals. The indicator works by displaying two moving averages (MA) on the chart, with one MA being the mirror of the other. This allows traders to easily see the direction of the trend and make trading decisions accordingly. The MA Mirror Indicator uses two different moving averages to identify the direction of the trend. The first moving average is the main MA and it is used to identify the trend direction. The second moving average is the mirror MA and it is used to confirm the trend direction. The main MA is displayed as a line on the chart while the mirror MA is displayed as dots. If the main MA is above the mirror MA, it indicates that the trend is up. If the main MA is below the mirror MA, it indicates that the trend is down. It is a free and popular MT4 indicator that is easy to use and understand. With its simple and intuitive design, it is a great tool for both experienced and new traders.
MT4
MA Mirror
The MA Mirror indicator is a useful and popular free Forex indicator for the MT4 trading platform. The MA Mirror indicator plots the trend direction of the Moving Average indicator by drawing arrows above and below the price. It is also customizable, allowing traders to customize the settings to suit their trading style. The MA Mirror indicator is a great tool for traders who are looking for an easy way to identify the trend direction and make better trading decisions.
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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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