The Moving Average Strength Indicator is a useful and popular free Forex indicator for MT4. It helps traders to quickly identify the strength of the current trend in the market. The indicator is composed of two lines – the fast and slow moving averages. When the fast line is above the slow line, it indicates a strong trend in the market. Similarly, when the fast line is below the slow line, it indicates a weak trend in the market. The Moving Average Strength Indicator is very easy to use. It can be attached to any chart and it will automatically plot the fast and slow moving averages. The indicator can also be customized to use any type of moving average, such as the simple moving average, exponential moving average, or weighted moving average. This allows traders to tailor the indicator to their own trading style. With its ease of use and customizable settings, the Moving Average Strength Indicator is a popular and useful tool for any trader.
MT4
Moving Average Strength
The Moving Average Strength Indicator (MASI) is a popular and free forex indicator used by traders to measure the strength of a currency pair. It uses two moving averages to measure the strength of the currency pair, one of which is a short-term period and the other is a long-term period. This makes it a valuable tool for traders who want to maximize their profits in the forex market.
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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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