The Open Position MA Indicator is a useful tool for forex traders using the popular MT4 platform. This free indicator helps traders identify potential trends by displaying moving averages of open positions on the chart. The indicator calculates the average price at which all open positions were entered, and displays it as a moving average line. Traders can use this information to gauge the overall sentiment of the market and make informed trading decisions. To use the Open Position MA Indicator, simply add it to your MT4 platform and adjust the settings to your preference. The indicator can be customized to display different moving average periods and colors, allowing traders to tailor it to their individual trading style. Overall, the Open Position MA Indicator is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Open Position MA
The Open Position MA indicator is a useful forex indicator for MetaTrader 4 (MT4) that is popular among traders. It is free to use and helps identify potential entry and exit points based on moving averages. This indicator calculates the moving averages of open positions to provide insights into market trends. Traders can utilize this information to make informed trading decisions.
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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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