The 2 MA Crossover with Price Indicator is a useful and popular free Forex indicator for MT4 (MetaTrader 4). This indicator is designed to spot crossover signals when two moving averages cross over each other. It also shows the current price in a separate window. The indicator works by plotting two Moving Averages on the chart. The default settings use a 12-period and a 26-period Moving Average. When the 12-period MA is above the 26-period MA, the trend is up. Conversely, when the 12-period MA is below the 26-period MA, the trend is down. The indicator also plots a signal line which is the difference between the two MA’s. When the signal line crosses the zero line, it indicates a potential crossover. This indicator is free and easy to install on MT4, making it a popular choice for Forex traders.
MT4
MA Crossover With Price
This free MT4 Forex indicator is a useful tool for any Forex trader. The two-moving-average crossover with price indicator works by comparing the price of a currency pair to two moving averages. This popular and free MT4 Forex indicator is an invaluable tool for any Forex trader looking to maximize their trading potential.
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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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