The 3D Oscillator Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). It is designed to help traders identify overbought and oversold market conditions, as well as potential momentum shifts. The indicator utilizes a combination of three different oscillators, each with its own unique characteristics, to identify these conditions. The first oscillator is the Moving Average Convergence Divergence (MACD), which is used to identify the direction of the trend. The second oscillator is the Relative Strength Index (RSI), which is used to measure the strength of the trend. Finally, the third oscillator is the Stochastic Oscillator, which is used to identify potential overbought and oversold conditions. The 3D Oscillator Indicator is a valuable tool for traders looking to identify potential momentum shifts. It can be used to help identify overbought and oversold conditions, as well as to help confirm the strength of a trend.
The 3D Oscillator Indicator is a popular and useful Forex indicator that is available for free on the MT4 trading platform. The 3D Oscillator Indicator works by calculating the difference between two moving averages of different periods. The 3D Oscillator Indicator is a useful tool for any trader looking to make informed decisions 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.