The EMA Polynom MTF Indicator is an incredibly useful and popular free Forex indicator for the MT4 platform. This indicator helps traders to identify trends and the price movements of different currency pairs. It also shows the trend strength, which is helpful in making trading decisions. The EMA Polynom MTF Indicator is based on a mathematical formula that helps to identify the trend of the market. It uses exponential moving averages (EMA) and polynomial regression to determine the trend direction. The indicator also displays the trend strength as a percentage, which gives traders a better understanding of the market. With this indicator, traders can easily identify trends and make informed trading decisions.
The EMA Polynom MTF Indicator is a powerful and useful Forex trading tool for MT4. The indicator works by plotting two lines on the chart, an EMA line and a polynomial regression line. The indicator is easy to use and can help traders to make informed decisions when trading in the Forex market.
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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.