The MACD 4H V10 Indicator is a useful and popular Forex indicator for MetaTrader 4 (MT4) trading platform. It is a free indicator that helps traders identify trends and potential entry points in the Forex markets. The indicator works by analyzing the price action of the currency pair and then plotting a signal line that identifies potential entry points. The indicator can be used in conjunction with other indicators such as moving averages, MACD, and RSI. The MACD 4H V10 Indicator is based on a combination of two moving averages – the 12-period exponential moving average (EMA) and the 26-period EMA. When the 12-period EMA crosses above the 26-period EMA, it is a signal of a potential buy entry. Conversely, when the 12-period EMA crosses below the 26-period EMA, it is a signal of a potential sell entry. The indicator also plots a signal line that helps traders identify the trend. The MACD 4H V10 Indicator is a great tool for those who want to make informed trading decisions.
MT4
MACD 4H V10
The MACD 4H V10 Indicator is a useful and popular Forex indicator for the MT4 trading platform. It takes into account the direction of the market, as well as the strength of the trend, and can be used to identify both short-term and long-term opportunities. It is a great tool for both novice and experienced traders alike.
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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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