The Moving Average of Oscillator (OsMA) is a popular and useful Forex indicator for MT4. It is a free and versatile tool that can be used to identify potential buying and selling opportunities in the Forex market. The OsMA is based on the difference between an oscillator such as the MACD and its signal line. This difference is then plotted as a histogram, with positive values indicating a bullish trend and negative values indicating a bearish trend. The OsMA indicator can be used to identify potential entry and exit points in the Forex market. It can also be used to identify potential overbought or oversold conditions. When the OsMA is positive, it indicates that the oscillator is above its signal line and that the market is in an uptrend. Conversely, when the OsMA is negative, it indicates that the oscillator is below its signal line and that the market is in a downtrend. Overall, the Moving Average of Oscillator (OsMA) is a popular and useful Forex indicator for MT4. It is free and versatile, and can be used to identify potential buying and selling opportunities in the Forex market. The OsMA can be used in conjunction with other indicators to confirm potential buying or selling signals, or to identify potential overbought or oversold conditions.
MT4
Moving Average Of Oscillator
The Moving Average of Oscillator (OsMA) is a popular and free Forex indicator for MT4 that is useful for analyzing the momentum of a currency pair. It is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. OsMA is a great tool for traders to identify potential trend reversals, as it shows the difference between the two EMAs, which can be used to detect changes in the momentum of the currency pair.
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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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