The DEMA (Double Exponential Moving Average) Indicator is a useful and popular Forex indicator available for free on MT4. DEMA is a type of Moving Average (MA) which helps traders identify trends and potential trading opportunities in the Forex market. It is a trend-following indicator that uses a combination of two different types of EMA (Exponential Moving Averages) to reduce the lag and improve the accuracy of the signal. The DEMA indicator is calculated by taking the EMA of the close price and then taking the EMA of the EMA result. The main purpose of the DEMA indicator is to identify trends and potential trading opportunities in the Forex market. It is a trend-following indicator which can be used to identify entry and exit points for trades. It is also used to identify support and resistance levels. The DEMA indicator is a great tool for Forex traders. It is free, easy to use and understand, and can be used to identify potential trading opportunities and generate trading signals. It is a popular and useful indicator that can help traders make more informed trading decisions.
Dema
The DEMA Indicator is a popular and useful tool in the Forex market. It is a free indicator for the MT4 platform and is widely used by traders to spot trends and make profitable trades. The DEMA Indicator is a trend-following indicator that uses the Double Exponential Moving Average (DEMA) to identify potential buy and sell opportunities. It works by calculating the difference between two exponential moving averages (EMA) of different lengths. When the shorter EMA crosses above the longer EMA, it signals a potential buy opportunity, and when the shorter EMA crosses below the longer EMA, it signals a potential sell opportunity.
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Description
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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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