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Ichimoku Kinko Hyo
MT4
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Moving Average

Elevate Your Trading with MT4 Moving Average Indicator. The Moving Average Indicator is a great tool for any Forex trader and can be easily implemented in any MT4 trading platform.

Trading Style

Intraday

,

Swing

Indicator Type

Non-repaint

,

Reversal

Timeframe

D1-W1

,

H1-H4

,

M15-M30

Platform

MT4

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  • Description
  • Reviews (0)
  • How to Install
Description

The Moving Average indicator smooths out market swings by using a unique price average. This tool compares the current price to its average value to determine trend conditions.

The moving average, like any other trend indicator, can help you predict the price’s future path and possible destination. This classic technical technique, however, differs from the market’s ordinary exponential and simple moving averages.

Because the SMA has a lagging issue, most day traders favor the EMA because it reacts much faster than the simple one. As a result, the creator of this indicator intended to design an advanced moving average that applies to MTF charts and accommodates all types of trading methods.

Features of The Indicator

Here are some of the features of the Moving Average indicator for MT4

  • Traders can add numerous moving averages to their charts to have a better grasp of the trend and develop more complicated trading signals.
  • Traders can create alerts to receive notifications when the price passes above or below a moving average. This can be handy for traders who wish to be notified of prospective trading opportunities without constantly monitoring their charts.
  • Compatibility with other indicators: You can combine the Moving Average indicator with other technical indicators to produce more accurate and consistent trade signals.

Buy Sell Signal

The Moving Average indicator gives entry signals. The bullish entry signal occurs when the price exceeds the current moving average value. This is an indication of an up trend. Enter a long trade and place your stop loss below the previous swing low.

For the sell signal, the price turns lower than the current moving average value. This is an indication of a downtrend. Enter a short trade and place your stop loss above the previous swing high.

The Moving Average indicator is an excellent tool for showing trends in the market. Moreover, you can get trade entry signals, as illustrated above.

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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:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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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