The NonLag AMA Forex Indicator is a free and popular MT4 indicator that is designed to help traders accurately identify market trends and make informed trading decisions. This useful tool is based on the Adaptive Moving Average (AMA) indicator and is designed to reduce lag time on moving average calculations. The NonLag AMA indicator works by combining the traditional moving average with the AMA indicator. It eliminates the lag time associated with traditional moving averages and provides traders with more accurate and timely signals. The indicator is composed of two lines, the NonLag AMA line and the signal line. The NonLag AMA line is the main line and is used to identify the trend. The signal line is a slow moving average and is used to identify potential entry and exit points. Once the indicator is added, traders can use it to track market trends and identify potential entry and exit points.
MT4
Nonlag Ama
The NonLag AMA Indicator is a free and popular Forex indicator for the MT4 trading platform. The indicator works by combining two moving averages and a noise filter to create a smoother line that is easier to interpret. The indicator is free to download and can be used on any MT4 trading platform.
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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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