The MAMA NK Indicator is a powerful and popular free Forex indicator for the MT4 platform. It is a useful tool for traders who want to make the most of their trading opportunities. The indicator is based on the Moving Average Convergence Divergence (MACD) and uses the Non-Kaufman (NK) smoothing algorithm to smooth the MACD for better signals. The MAMA NK Indicator is designed to help traders identify trend changes and possible entry points. It works by plotting two lines on the chart, the MAMA line and the FAMA line. The MAMA line is a faster moving average and the FAMA line is a slower moving average. When the two lines cross, it can signal a potential entry point. The indicator also shows the histogram which measures the difference between the two lines and can help confirm the trend change. With its smooth signals and accurate trend change signals, the MAMA NK Indicator is a popular choice among Forex traders.
MT4
Mama NK
The MAMA NK Indicator is a popular free Forex indicator that is useful for MT4 traders. The indicator uses two moving averages, one fast and one slow, to generate signals. The indicator is easy to use and can be used to identify potential trading opportunities. It is a popular choice among Forex traders due to its simplicity and effectiveness.
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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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