The Anchored Momentum Indicator (AMI) is a popular and free MT4 indicator used by many forex traders. This useful tool displays the momentum of a currency pair in a visually appealing and easy-to-understand way. It helps traders to identify overbought and oversold levels in the market, allowing them to make informed trading decisions. The Anchored Momentum Indicator uses a combination of three different moving averages to generate the momentum reading. The first is a fast moving average, which is used to identify short-term price movements. The second is a slow moving average, which is used to identify longer-term price movements. Finally, the third is a weighted moving average, which is used to smooth out any fluctuations in the momentum reading. With its customizable settings, visual alert feature, and easy-to-understand momentum readings, the Anchored Momentum Indicator is a great choice for any forex trader.
MT4
Anchored Momentum
The Anchored Momentum Indicator for MT4 is a useful and popular free Forex indicator. The main line is a simple moving average of the closing price over a certain period of time. The indicator is easy to install and use on the MT4 platform. It can be used to identify potential trading opportunities and to help traders make more informed decisions.
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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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