The Triangular MA Indicator is a popular and free forex indicator for MT4. It is useful for traders because it helps to identify trends and determine the strength of a trend. The indicator is based on the triangular moving average, which is a smoothed moving average that is calculated using a combination of the simple moving average and the weighted moving average. The triangular moving average is a lagging indicator, which means it is best used to confirm a trend rather than to predict one. The indicator works by plotting a line on the chart that is the average of the high, low, and closing prices of the previous period. The line is then smoothed out and a trend line is plotted. The indicator is easy to use and can be adjusted to suit the needs of the individual trader.
MT4
Triangular MA
The Triangular MA Indicator is a popular and useful Forex indicator that is available for free on the MT4 platform. It then plots the average of these three Moving Averages as a new line on the chart. The Triangular MA Indicator is easy to use and is a great tool for traders of all levels.
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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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