The Extreme TMA Line Indicator MT5 is a popular and useful free Forex indicator for the MetaTrader 5 trading platform. This indicator uses the TMA line, a trend-following indicator, to determine the trend and generate buy and sell signals. It uses a combination of the TMA line and a moving average to identify the trend and generate signals. The Extreme TMA Line Indicator MT5 is designed to be used on any time frame and works best on the longer time frames. The Extreme TMA Line Indicator MT5 works by plotting the TMA line on the chart. The TMA line is a trend-following indicator that uses the average of the previous and current price movements to determine the trend. The indicator then plots a line on the chart that follows the trend of the price. When the price is above the TMA line, it is considered to be in an uptrend, and when it is below the TMA line, it is considered to be in a downtrend. The Extreme TMA Line Indicator MT5 will then generate buy and sell signals based on the trend of the price. The signals generated by the Extreme TMA Line Indicator MT5 are reliable and can be used to accurately identify trends and generate profitable trading opportunities.
Extreme Tma Line
The Extreme TMA Line Indicator for MT5 is a popular and free forex indicator that is useful for traders. The indicator uses a TMA (Triangular Moving Average) line to indicate the trend direction and strength. This line is drawn on the chart, and it changes its color depending on the direction of the trend. This indicator is easy to use and understand, making it popular among forex traders. It is also free to use and can be downloaded from the IndicatorSpot website.
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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.