The MACD 3 OsMA indicator is a popular and useful forex indicator for the MT4 platform. This indicator is widely used by traders to identify trends and potential entry/exit points in the market. The MACD 3 OsMA indicator combines the benefits of both the MACD (Moving Average Convergence Divergence) and OsMA (Moving Average of Oscillator) indicators to provide a more comprehensive view of market trends. The MACD 3 OsMA indicator works by analyzing the difference between two exponential moving averages, along with the MACD histogram and signal line. Traders can use this information to make more informed trading decisions and maximize their profits. This indicator is available for free and can be easily downloaded and installed on your MT4 platform. Overall, the MACD 3 OsMA indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
MACD 3 OSMA
MACD 3 OSMA Indicator is a useful tool for Forex traders on the MT4 platform. This popular and free indicator combines MACD and OSMA to give a more accurate signal. Traders can use this indicator to identify trends, reversals, and potential entry/exit points. By analyzing the convergence and divergence of the lines, traders can make informed 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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