The DECEMA Indicator for MT4 is a useful tool for forex traders looking to enhance their trading strategies. This popular indicator is free to use and can be easily downloaded onto the MT4 platform. DECEMA stands for Double Exponential Moving Average, and it is designed to provide traders with reliable signals for market trends. The indicator works by calculating the average price of an asset over a specified period, and then smoothing out the data with a second exponential moving average. This creates a more responsive and accurate indicator that can help traders make informed decisions. Traders can use the DECEMA Indicator to identify trends, determine entry and exit points, and set stop-loss levels. By incorporating this indicator into their trading strategy, forex traders can improve their chances of success in the market.
MT4
Decema Indicator
DECEMA indicator for MT4 is a popular and useful tool in the forex market. It is a free indicator that helps traders identify trends and potential entry/exit points. DECEMA works by using a double exponential moving average to smooth out price data and generate buy/sell signals. Traders can use this indicator to make informed decisions and improve their trading strategies.
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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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