The Simply MA Wrong Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is designed to help traders identify potential trading opportunities by displaying the direction of the moving average. The indicator uses a combination of two different moving averages, one of which is shifted forward in time. This allows traders to identify when the current market trend is about to reverse. The indicator also includes an alert system that will notify traders when the current trend is about to reverse. The Simply MA Wrong Indicator is easy to use and understand. It is displayed as a line on the chart, and the direction of the line indicates the direction of the current trend. If the line is pointing downwards, then the trend is bearish and if it is pointing upwards then the trend is bullish. The indicator also includes an alert system that will notify traders when the current trend is about to reverse. The indicator is also highly customizable, allowing traders to adjust the settings to suit their individual trading strategies.
MT4
Simply MA Wrong
The Simply MA Wrong indicator is a free and popular Forex indicator for MT4. The indicator is based on the Moving Average (MA) and uses the wrong direction of the MA to determine potential entry and exit points. This indicator can be used to identify potential entry and exit points, as well as to help traders identify potential trading opportunities.
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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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