The 3rd Generation Moving Average Indicator is a popular free Forex indicator for MT4 that is useful for all traders. It is a powerful trend following indicator that uses a combination of three moving averages to generate buy and sell signals. The indicator plots three lines on the chart; the first line is a simple moving average, the second is an exponential moving average, and the third is a smoothed moving average. The indicator is designed to identify when the price is trending and when it is ranging. When the price is trending, the indicator will generate buy and sell signals when the price crosses above or below the three moving averages. When the price is ranging, the indicator will generate buy and sell signals when the price breaks out of the range. The indicator can also be used to identify support and resistance levels. It is a great tool for traders looking for an easy way to identify potential trading opportunities.
MT4
3RD Generation Moving Average
The 3rd Generation Moving Average Indicator is a popular free Forex indicator for MT4 that is useful for all traders. It is a powerful trend following indicator that uses a combination of three moving averages to generate buy and sell signals. The indicator plots three lines on the chart; the first line is a simple moving average, the second is an exponential moving average, and the third is a smoothed moving average. It is a great tool for traders looking for an easy way to identify potential trading opportunities.
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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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