The VAR MA Indicator is a popular and free Forex indicator for MT4. It is useful for both scalpers and swing traders as it helps traders identify entry and exit points with ease. The indicator is based on the Average True Range (ATR) and Moving Average (MA) indicators, which are two of the most popular indicators used in Forex trading. The VAR MA Indicator plots the ATR and MA lines on the chart. The ATR line shows the volatility of the market, while the MA line shows the trend. When the ATR line is above the MA line, it indicates that the market is volatile and traders should be cautious when entering trades. When the ATR line is below the MA line, it indicates that the market is trending and traders can take advantage of this by entering trades. The VAR MA Indicator is a great tool for traders who want to identify entry and exit points with ease. It is easy to use and can be used in any timeframe. It is one of the most popular and free Forex indicators for MT4 and is highly recommended for both scalpers and swing traders.
MT4
Var MA Indicator
The VAR MA Indicator is a useful and popular free Forex indicator for the MT4 trading platform. This indicator is based on the Moving Average (MA) indicator and is used to identify the trend direction and to detect potential reversals. The indicator plots two lines on the chart, one for the current trend and one for the potential reversal. It is a great tool for traders who want to stay ahead of the market and make more informed trading decisions.
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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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