The OSMA Indicator for MT5 is a useful and popular free Forex indicator that helps traders identify potential trading opportunities in the Forex market. This indicator is based on the Moving Average Convergence Divergence (MACD) and the On-Balance Volume (OBV) indicators, which are two of the most popular indicators used by Forex traders. The OSMA Indicator for MT5 is designed to help traders identify the trend direction, as well as potential entry and exit points. The OSMA Indicator for MT5 works by displaying the difference between two moving averages, usually the 12-period and 26-period exponential moving averages. It also includes a histogram which shows the difference between the two moving averages. When the histogram is above the zero line, it indicates that the 12-period moving average is higher than the 26-period moving average, which is a bullish signal. Conversely, when the histogram is below the zero line, it indicates that the 12-period moving average is lower than the 26-period moving average, which is a bearish signal. Overall, the OSMA Indicator for MT5 is a useful and popular free Forex indicator that can help traders identify potential trading opportunities in the Forex market. It is designed to help traders identify the trend direction, as well as potential entry and exit points.
MT5
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OSMA Indicator
The OSMA Indicator MT5 is one of the most popular and useful Forex indicators available for free. It is based on the moving average convergence divergence (MACD) indicator and uses the same principles to measure the momentum of a currency pair. The OSMA Indicator MT5 can be used to identify entry and exit points in the market, as well as to confirm the direction of the trend. It can also be used to identify overbought and oversold conditions.
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Category: Stochastic
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Description
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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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