The OSMA Divergence Alerts indicator is an incredibly useful tool for forex traders using the MT4 platform. This popular indicator provides free alerts when a divergence is detected on the On Balance Volume indicator, helping traders to identify potential buy or sell opportunities in the market. The OSMA Divergence Alerts indicator works by comparing price movements with changes in volume, to help identify potential shifts in an asset’s trend. When a divergence is detected, the indicator will trigger an alert, allowing traders to quickly take action. To use the OSMA Divergence Alerts indicator, simply install it onto your MT4 platform and set up your preferred alert settings. When a divergence is detected, you will receive a notification, helping you to make informed trading decisions. With its user-friendly interface and accurate signals, this indicator is a must-have for any forex trader.
MT4
Osma Divergence Alerts
OSMA Divergence Alerts is a useful forex indicator for the MT4 platform. It is popular among traders for its ability to detect divergences in the On Balance Volume indicator. This free indicator sends alerts when divergences are spotted, helping traders identify potential reversals in the market. To use it, simply install the indicator on your chart and wait for alerts to appear.
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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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