The Simple MA Over Price forex indicator is a useful tool for traders who want to make the most out of their trading strategies. This popular free MT4 indicator helps traders identify when a moving average crosses a price level. The indicator is simple to use, allowing traders to quickly identify when a price level is being tested and whether an entry should be made. This indicator is composed of two lines, one representing a moving average and the other representing the price. The moving average line follows the price, allowing traders to easily identify when the price is being tested. When the price crosses the moving average, it can indicate that a trend is forming or that a price level is being tested. By using the Simple MA Over Price indicator, traders can make informed decisions about when to enter or exit a trade. With the Simple MA Over Price indicator, traders can quickly identify when a price level is being tested and whether it is a good time to enter or exit a trade. This indicator is a great tool for traders who want to make the most out of their trading strategies and make informed decisions about when to enter or exit a trade.
MT4
Simple MA Over Price
This free Simple MA Over Price Indicator for MT4 is a popular and useful Forex trading tool. It helps traders to identify potential entry and exit points in the market. This indicator works by displaying the Moving Average line above or below the actual price of the currency pair. With this indicator, traders can easily identify high-probability trading opportunities and maximize their profits.
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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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