The PPO Indicator is a popular and free Forex indicator that is used by many traders. It is an oscillator that measures the momentum of price movements in the Forex market. It is useful in determining the strength of a trend and can be used to identify potential turning points. The PPO Indicator is based on the Percentage Price Oscillator (PPO) which is a technical indicator that is used to measure the difference between two moving averages. The indicator is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. The result is then plotted as a histogram on the chart. When the PPO Indicator is positive, it suggests that the 12-day EMA is trading above the 26-day EMA, which is a sign of an uptrend. When the PPO is negative, it suggests that the 12-day EMA is trading below the 26-day EMA, which is a sign of a downtrend. The PPO Indicator is available on most popular trading platforms such as MetaTrader 4 (MT4), and it is easy to use. To add the indicator to your chart, simply select the indicator from the list of indicators and follow the instructions. Once added, the indicator will appear on the chart and you can customize the settings to suit your trading strategy.
MT4
PPO Indicator
The PPO Indicator is a popular and free Forex indicator for MT4 (MetaTrader 4) trading platform. The PPO Indicator measures the difference between two moving averages and is expressed in terms of a percentage. It is a great way to identify trend reversals and changes in the market. It can also be used to identify overbought and oversold conditions. The PPO Indicator is easy to use and can be quickly added to any chart in MT4.
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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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