The QEMA Direction Indicator is a useful forex indicator that can be used on the popular MT4 platform. This indicator is widely used by traders to identify market trends and make more informed trading decisions. The QEMA Direction Indicator works by calculating the trend direction based on the QEMA (Quadruple Exponential Moving Average) indicator. It plots arrows on the chart to signify the trend direction – whether it is bullish or bearish. Traders can use this indicator to confirm trend changes, filter out false signals, and make better entry and exit points in their trades. The QEMA Direction Indicator is easy to use and can be downloaded for free from various online platforms. It is a valuable tool for forex traders looking to improve their trading strategies.
MT4
Qema Direction
QEMA Direction Indicator is a useful Forex indicator available for free on MT4. It is a popular tool that shows the direction of the trend based on the QEMA (Quadruple Exponential Moving Average) indicator. Traders can use this indicator to identify potential trade opportunities by following the trend direction it indicates.
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Category: Trend
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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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