The Color OSMA Indicator is a free and popular Forex indicator for the MT4 trading platform. It is a useful tool for traders who want to quickly identify potential trade opportunities in the Forex market. The Color OSMA Indicator works by analyzing the momentum of price movements and displaying the results in a color-coded histogram. The histogram is divided into two sections, one for the positive momentum and one for the negative momentum. The green bars represent the positive momentum and the red bars represent the negative momentum. The Color OSMA Indicator also displays the current trend direction in the chart. The Color OSMA Indicator is easy to use and can be applied to any time frame. It is especially useful for traders who want to identify potential trade opportunities in the short-term. The indicator can be used to identify both long and short positions. Traders can also use the indicator to identify potential entry and exit points. With the Color OSMA Indicator, traders can quickly and easily identify potential trade opportunities in the Forex market.
The Color Osma Indicator is a popular and free Forex indicator that is available for the MT4 trading platform. The Color Osma Indicator helps traders to identify price trends and momentum in the market, allowing them to make better trading decisions. It is composed of two oscillators that help to identify the direction of the trend, and the strength of the trend. The indicator also helps to identify possible overbought and oversold levels, allowing traders to take advantage of the potential for price reversals. The indicator is a great tool for any trader looking to gain insight into their trading system and the direction of the market.
Downloads - 29
0 People watching this product now!
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.