The OSMA Color XB4 indicator is a popular and useful free Forex indicator for MT4. This indicator is designed to help traders recognize trends and potential entry and exit signals for the market. The OSMA Color XB4 indicator uses a combination of two moving averages, one of which is a fast-moving average and the other a slow-moving average. The indicator then calculates the difference between these two averages and displays the data on the chart. The indicator also gives traders the option to customize the colors that are displayed on the chart. This allows traders to easily identify when the trend is changing or when a potential entry or exit signal is present. The OSMA Color XB4 indicator is a great tool for traders who are looking for an easy way to identify trends and potential entry and exit signals. It is also highly customizable, making it a great choice for traders who want to customize their trading strategies.
MT4
Osma Color Xb4
The OSMA Color XB4 Indicator is a useful and popular free Forex indicator for the MT4 trading platform. The OSMA Color XB4 Indicator provides traders with an easy way to identify potential trading opportunities by displaying buy and sell signals on the chart. With its easy-to-read color coding, the OSMA Color XB4 Indicator is a great tool for any Forex trader looking for an edge in the 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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