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DEMA

Are you having trouble with lag in moving average? DEMA MT4 Indicator reduces the lag and provides bullish and bearish forex trading signals. Trade the market using the slope, filter other indicators and trade divergence.

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Description

The DEMA MT4 indicator is designed to reduce the lag associated with simple moving averages. A reduction in the lag of DEMA – Double exponential moving average helps forex traders to apply the moving average effectively. As a result, forex trades can identify the trend direction and use the DEMA to buy and sell accordingly without lag.

Features of DEMA MT4 Indicator

The indicator plots a red indicator line on the price chart. Traders can use this indicator as a replacement to the simple moving average or exponential moving averages. In simple words, traders can use this indicator in technical analysis and trading strategies in all moving average trading systems.

Firstly, the slope of the DEMA identifies the market trend direction. In an uptrend the slope is positive while it is negative in a downtrend. Secondly, this indicator works perfectly in confluence with others to identify the trend direction and acts as trend filter in trading strategies. Thirdly, traders can use the divergence between the price and indicator to identify the potential price reversals. Finally, the crossover of DEMA and other moving averages act as early trading signals.

Benefits of DEMA MT4 Indicator

Most forex technical traders understand and know the effects of moving average lag in their trading performance. Though this lag is beneficial in some trading strategies, it is detrimental in many. The main benefit of using this indicator is the reduced lag and the possibility to enter the markets at the beginning of a trend and exit at the end.

This indicator is beneficial to both new and advanced forex traders to identify trend and works for all types of forex traders. It works well for scalpers, intraday traders and short and long-term traders.

Indicator Settings Description

PERIOD: Input for indicator calculation: a higher value provides longer trend signals.

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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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