The Volume with Custom MA Indicator is a useful tool for forex traders, especially those using the popular MT4 platform. This free indicator allows users to easily monitor volume levels and moving averages, providing valuable insights into market trends and potential price movements. The indicator works by displaying both volume and a custom moving average on the chart, making it easier for traders to spot patterns and identify potential entry and exit points. By using this indicator, traders can make more informed decisions and improve their overall trading strategy. To use the Volume with Custom MA Indicator, simply download and install it on your MT4 platform. Once activated, the indicator will appear on your chart, allowing you to customize the settings and adjust the moving average parameters to suit your trading style.
MT4
Volume With Custom MA
Volume with Custom MA Indicator is a useful forex indicator for MT4. It is popular among traders for providing valuable insights into market trends. This free indicator combines volume analysis with a custom moving average to help users make informed trading decisions. By tracking volume changes alongside moving average movements, it offers a comprehensive outlook on market dynamics.
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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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